TSB has removed the mortgage application fee from all products – for both residential and buy-to-let mortgages.
The removal of the mortgage application fee, which used to cost £265, took effect for new mortgage applications from 20 October 2016.
TSB has also introduced a range of new product fee-free three-year fixed-rate mortgages.
These products include rates of 1.84 per cent at 0 to 60 per cent loan-to-value, 1.99 per cent at 60 to 75 per cent LTV, 2.14 per cent at 75 to 80 per cent LTV, 2.29 per cent at 80 to 85 per cent LTV, 2.89 per cent at 85 to 90 per cent LTV and 3.89 per cent at 90 to 95 per cent LTV.
Roland McCormack, mortgage intermediary director at TSB, said: “The removal of the mortgage application fee on all our products and the introduction of new product fee-free fixed rate mortgages is good news for borrowers.
“The changes we’ve made will help homeowners borrow well across the property ladder.”
Last month TSB reduced its interest rates across a range of fixed and tracker rate mortgages for purchasers, landlords and those looking to remortgage.
