TSB cuts selected buy-to-let rates

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TSB has cut interest rates by up to 25 basis points on selected buy-to-let home mover and buy-to-let remortgage deals.

On two-year fixed rates for home movers and remortgage borrowers, rates have been reduced by 20-25 basis points, while three-year deals have been cut by 10-15 basis points (excluding the no fee 0-60% LTV product).

In addition, five-year fixed rates for home movers and remortgage borrowers have been reduced by 15-25 basis points and two-year tracker rates by 25-25 basis points.

Roland McCormack, TSB’s mortgage distribution director, said: “TSB helped over 14,000 people with their mortgages in the first three months of 2017 and provided £2.2 billion of new mortgage loans.

“We are committed to helping people borrow well and these rate cuts across the LTV ranges are an example of us doing exactly that.”