TSB reduces five-year fixed rate for remortgage borrowers

TSB has reduced the interest rate by 0.10% on the five-year fixed rate at 60-75% LTV for residential remortgage borrowers.  

This means the rate is now 1.79% with a £995 fee.

Roland McCormack, Mortgage Distribution Director, said: “The interest rate reduction on our five-year fixed rate remortgage product is a welcome step for those looking to fix their monthly payments for a longer period of time.  TSB is committed to helping people to borrow well and this rate reduction is an example of us doing exactly that.”

For a short period, TSB will not be offering some mortgages from its range, including its three-year fixed rate house purchase and ten-year fixed rate house purchase and remortgage products.