TSB has reduced select mortgage rates by up to 0.25%.
The largest reduction was to its two-year fixed residential remortgage products up to 85% loan to value (LTV).
Last week, the lender set its two-year fixed remortgage up to 60% LTV with a £1,495 fee at a rate of 4.14%, while the fee-free deal at 80-85% LTV has a rate of 5.19%.
Meanwhile, TSB’s five-year fixed remortgage options up to 75% LTV have been cut by 0.05%. Pricing here ranges from 4.09% up to 60% LTV with a £995 fee and up to 4.34% for a fee-free deal at 60-75% LTV.
The bank also lowered its two-year fixed product transfer rates by up to 0.15% up to 85% LTV and the five-year fixed deals up to 75% LTV by 0.05%.
Similarly, its two-year fixed additional borrowing mortgage rates up to 80% LTV have been reduced by up to 0.15%, and the five-year fixes up to 75% LTV have been cut by 0.05%.
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This is the third time in December that TSB has adjusted rates, with the most recent changes being reductions across its range.
HSBC ups mortgage rates
HSBC has gone in a different direction and increased certain mortgage rates from today.
Changes apply to its switching and borrowing more ranges for existing borrower, first-time buyer, homemover and remortgage products.
The bank has also increased pricing on deals for switching and borrowing more products for existing buy-to-let (BTL) borrowers, purchase and remortgage deals for BTL borrowers, international residential and international BTL options.
These changes follow recent rate cuts by HSBC.
