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TODAY'S OTHER NEWS

TSB extends buy-to-let mortgage range

TSB has extended its buy-to-let mortgage range to include two-year fixed rate mortgages for landlords looking to buy a new property at 75% loan-to-value (LTV).

The Bank has also introduced two-year tracker rate buy-to-let mortgages, available up to 75% LTV.

Landlords with a LTV between 60-75% can now take out a two-year fixed rate mortgage on a new property with rates starting at 2.99%. 

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TSB has a range of fixed rate buy-to-let mortgages available through brokers for landlords with a higher LTV looking for two, three or five year deals. 

TSB is also introducing a range of two-year tracker mortgages for landlords looking to benefit from the historically low Bank of England Base Rate. 

Rates start at 1.54% above the base rate with a fee of £1,995 for landlords with 60% LTV.

Roland McCormack, TSB Intermediary Director, said:  “This is the latest step in our plan to offer a genuine alternative to the established intermediary lenders by providing brokers an expert-to-expert service that operates in all markets.” 

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