TSB is lowering select mortgage rates, including residential, buy-to-let (BTL), product and additional borrowing deals, by up to 0.25%.
TSB’s mortgage rate changes come into force from 28 February.
Within TSB’s residential range, its two-year fixed first-time buyer and homemover deals between 75% and 85% loan to value (LTV) are being cut by 0.05%.
Two- and five-year fixed first-time buyer and homemover deals at 90% and 95% LTV have fallen by 0.15%.
Two-year fixed remortgage rates have decreased by up to 0.1%.
On the BTL side, two- and five-year fixed house purchase and remortgage deals up to 75% LTV have reduced by 0.1%.
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In its product transfer range, residential one-, two-, three- and five-year fixed rates have fallen by up to 0.25%.
BTL one- and two-year fixed rates up to 60% LTV and between 75% and 80% LTV will be lowered by up to 0.25%. Five-year fixed rates up to 75% LTV will be reduced by up to 0.25%.
Within its additional borrowing range, residential two-, three- and five-year fixed rates have been cut by up to 0.1%, along with its BTL two-year fixed rates.
BTL five-year fixed rates will be lowered by around 0.1%.
Last week, the bank added 95% LTVs for new builds.
Coventry BS lowers mortgage rates
Coventry Building Society has lowered select mortgage rates in its residential and BTL ranges.
Rates are falling by up to nine basis points, with an example being its two-year fixed rate at 75% LTV with a £999 fee, which is 4.38%.
The firm’s five-year fixed BTL remortgage rate at 65% LTV with no fee is priced at 4.51%. It comes with £350 cashback or use of the remortgage transfer service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’ve seen some positive moves in the market, allowing us to pass on reductions to many of our fixed rate products. We’re pleased to further support mortgage brokers and their clients by offering more competitive rates, creating greater choice for people selecting their next mortgage deal.”
