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TSB reduces selected buy to let mortgage rates

4th May 2017

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The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.

 

TSB has reduced interest rates by up to 0.25% on selected buy to let home mover and buy to let remortgage products.
 
Rate reductions in the buy to let mortgage range include:
 
  • Two-year fixed rates for home movers and remortgage borrowers – rates reduced by 0.20%-0.25%
  • Three-year fixed rates for home movers and remortgage borrowers – rates reduced by 0.10%-0.15% (excluding the no fee 0-60% LTV product)
  • Five-year fixed rates for home movers and remortgage borrowers – rates reduced by 0.15%-0.25%
  • Two-year tracker rates for home movers and remortgage borrowers – rates reduced by 0.20%-0.25%
Roland McCormack, Mortgage Distribution Director, said: “TSB helped over 14,000 people with their mortgages in the first three months of 2017 and provided £2.2 billion of new mortgage loans.
 
“We are committed to helping people borrow well and these rate cuts across the LTV ranges are an example of us doing exactly that.”

 

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The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. ​

 

Notes to editors

 

Rates from 28 Apr 2017

BTL HMV 2 Year Fixed

LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
1.79
1.54
(0.25)
0 - 60%
£995
2.24
1.99
(0.25)
0 - 60%
£0
2.69
2.49
(0.20)
60 - 75%
£1,995
2.09
1.84
(0.25)
60 - 75%
£995
2.54
2.29
(0.25)
60 - 75%
£0
3.09
2.89
(0.20)

BTL HMV 3 Year Fixed

LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
2.19
2.04
(0.15)
0 - 60%
£995
2.44
2.29
(0.15)
0 - 60%
£0
2.99
no change
 
60 - 75%
£1,995
2.69
2.54
(0.15)
60 - 75%
£995
2.89
2.74
(0.15)
60 - 75%
£0
3.49
3.39
(0.10)

BTL HMV 5 Year Fixed

LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
2.69
2.44
(0.25)
0 - 60%
£995
2.94
2.69
(0.25)
0 - 60%
£0
3.54
3.34
(0.20)
60 - 75%
£1,995
3.14
2.89
(0.25)
60 - 75%
£995
3.24
2.99
(0.25)
60 - 75%
£0
3.74
3.59
(0.15)

BTL HMV 2 Year Tracker

LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
1.69
1.44
(0.25)
0 - 60%
£995
2.14
1.89
(0.25)
0 - 60%
£0
2.59
2.39
(0.20)
60 - 75%
£1,995
1.99
1.74
(0.25)
60 - 75%
£995
2.44
2.19
(0.25)
60 - 75%
£0
2.99
2.79
(0.20)

BTL REM 2 Year Fixed

LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
1.79
1.54
(0.25)
0 - 60%
£995
2.24
1.99
(0.25)
0 - 60%
£0
2.69
2.49
(0.20)
60 - 75%
£1,995
2.09
1.84
(0.25)
60 - 75%
£995
2.54
2.29
(0.25)
60 - 75%
£0
3.09
2.89
(0.20)

BTL REM 3 Year Fixed

LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
2.19
2.04
(0.15)
0 - 60%
£995
2.44
2.29
(0.15)
0 - 60%
£0
2.99
no change
 
60 - 75%
£1,995
2.69
2.54
(0.15)
60 - 75%
£995
2.89
2.74
(0.15)
60 - 75%
£0
3.49
3.39
(0.10)

BTL REM 5 Year Fixed

LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
2.69
2.44
(0.25)
0 - 60%
£995
2.94
2.69
(0.25)
0 - 60%
£0
3.54
3.34
(0.20)
60 - 75%
£1,995
3.14
2.89
(0.25)
60 - 75%
£995
3.24
2.99
(0.25)
60 - 75%
£0
3.74
3.59
(0.15)

BTL REM 2 Year Tracker

LTV
Fee
Old Rat %
New Rate %
Rate Difference
0 - 60%
£1,995
1.69
1.44
(0.25)
0 - 60%
£995
2.14
1.89
(0.25)
0 - 60%
£0
2.59
2.39
(0.20)
60 - 75%
£1,995
1.99
1.74
(0.25)
60 - 75%
£995
2.44
2.19
(0.25)
60 - 75%
£0
2.99
2.79
(0.20)

TSB was built to bring more competition to UK banking and ultimately make banking better for all UK consumers. TSB only serves local customers and local businesses, to help fuel local economies, because communities thriving across Britain is a good thing for all of us.

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For further information about TSB Bank plc, please visit our website www.tsb.co.uk.

 

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