TSB has announced major cuts to its mortgage rates, with some fixed-rate deals being slashed by up to 0.5%!

From Friday 30th August, TSB will be offering a range of new deals for both residential and buy-to-let mortgages. Here’s what you need to know:

Residential Mortgages:

• Two- and three-year fixed-rate mortgages for those remortgaging will be reduced by up to 0.45%. This could mean significant savings on your monthly repayments.
• Product transfers are also getting cheaper. TSB has launched new two-year fixed-rate deals for loans up to 75% of the property value. These come with a fee of £1,495.
• Existing customers can also benefit, with cuts of up to 0.5% on two-, three- and five-year fixed-rate mortgages when transferring their product.

Buy-to-Let Mortgages:

• Landlords can enjoy rate cuts too, with two- and five-year fixed-rate mortgages for both new purchases and remortgages being reduced by up to 0.15%.
• Product transfers for buy-to-let mortgages (up to 75% LTV) are also discounted by up to 0.15% on two- and five-year fixed-rate options.

Additional Borrowing:

• Need to borrow a bit extra? TSB has cut rates on additional borrowing products by up to 0.5% for residential mortgages and 0.15% for buy-to-let mortgages.

These new rates are available for a limited time only, with product end dates extended until the end of January. So, if you’re thinking about buying a new home, remortgaging your current property, or even becoming a landlord – now could be the perfect time to act!