TSB launches mortgage range for first-time buyers

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TSB launches mortgage range for first-time buyers

TSB has launched a range of mortgages for first time buyers, with no product fees and £750 cashback, to help them take their first step on the property ladder.

The new two-, three-, five- and 10-year fixed rate products start from 1.84 per cent and there is also a two-year tracker from 1.74 per cent.

TSB is also reducing rates across other products, including for remortgagors with its best ever five-year fixed rate for remortgaging at 1.89 per cent with 0-60 per cent loan-to-value. 

Roland McCormack, TSB mortgage distribution director, said: “Following a record summer of applications from customers looking to remortgage with TSB, it’s great to launch our best ever five-year remortgage rate today.

“Not only that, but TSB is helping first time buyers take their first step on the property ladder with the launch of our new, dedicated mortgage range offering £750 cashback and no product fees to new homeowners.

“TSB really is a lender that supports homeowners to borrow well, no matter if it’s for a customer’s first shared ownership home or if it’s downsizing into retirement.”

TSB is also reducing rates for its shared ownership mortgages across the range.

From today (8 November), shared ownership customers with a 0-75 per cent LTV could gain from a reduced rate of 1.74 per cent with a £995 product fee or 2.24 per cent with no product fee, for a two-year fixed rate mortgage.

Last month TSB removed the mortgage application fee from all its products, for both residential and buy-to-let mortgages.