TSB has announced a series of rate reductions across its residential mortgage range, happening immediately and offering more competitive deals for first-time buyers, home movers, and those using shared ownership or shared equity schemes. In this article we will explore the new TSB mortgage rates and what they mean for borrowers.
Key Changes to TSB Mortgage Rates
- 2-Year Fixed for First-Time Buyers and Home Movers at 0–75% LTV (£0 fee) reduced by 0.05%
- 2-Year Fixed at 75–90% LTV cut by up to 0.10%
- 3-Year Fixed across 0–90% LTV down by up to 0.15%
- 5-Year Fixed at 60–75% LTV (£0 fee) and 75–85% LTV both reduced by 0.05%
- Shared Equity & Shared Ownership 2-Year Fixed now up to 0.30% cheaper
- Shared Equity & Shared Ownership 5-Year Fixed reduced up to 0.30% across 0–90% LTV
What This Means for Mortgage Customers
These reductions make TSB mortgage deals more attractive, especially for buyers with smaller deposits or those looking for longer-term fixed security. In particular, the larger cuts to Shared Equity and Shared Ownership products will benefit those entering the property market through government or developer-backed schemes.
Our Recommendation as Mortgage Brokers
With TSB offering more competitive rates, now could be a smart time to:
- Review your mortgage options if you’re a first-time buyer or home mover.
- Consider switching to a TSB product if you’re nearing the end of your current deal with the help of a mortgage advisor to guide you.
- Potentially take advantage of fixed-rate security amid ongoing market uncertainty.
As a whole-of-market mortgage broker, we can help you compare TSB’s latest offers with other leading lenders to ensure you secure the most suitable deal for your needs.
Looking for the best TSB mortgage rates?
Contact us today for independent mortgage advice and find out whether one of TSB’s new lower-rate products is right for you.
