TSB reduces resi prices by up to 85bps  

By: ameer@trustedteam.com

TSB has cut selected rates across its residential range, which includes reductions to its shared ownership and shared equity prices of up to 85 basis points.  

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The bank says its two-year shared equity loans for movers and first-time buyers, up to 60% loan to value, begin at 5.04%, with £500 cashback.  

Other highlights include two-year purchase fixed-rate deals for movers and first-time buyers, up to 60% LTV, which begin at 4.99%.  

While five-year fixed-rate remortgages up to 60% LTV, begin at 5.09%, with £300 cashback.  

The lender’s reductions cover:  

  • House purchase two-year fixes up to 85% LTV reduced by up to 30bps  
  • House purchase two-year fixes between 90% LTV and 95% LTV reduced by 5bps  
  • House purchase three-year fixes up to 75% LTV reduced by up to 30bps  
  • House purchase five-year fixe reduced by up to 30bps  
  • Remortgage two-, three- and five-year fixes reduced by up to 30bps  
  • Shared ownership and shared equity rates reduced by up to 85bps  

The lender adds that product end dates move out to the end of March. 

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