TSB has today moved to further extend its buy-to-let mortgage products. The bank’s range now includes a two year fixed mortgage for landlords looking to purchase a new property at 75% LTV.
In addition, TSB has introduced two-year tracker rate mortgages, which are available with a LTV ratio up to 75%.[1]
Changes
In further changes, landlords with a LTV between 60-75% can get a two-year fixed rate TSB mortgage for a new property, with rates beginning at 2.99%. TSB also has a range of buy-to-let mortgages available through brokers for landlords with higher LTV’s searching for two, three or five-year deals.[1]
What’s more, the bank is introducing a range of two year tracker mortgages aimed at landlords looking to benefit from the record low Bank of England Base Rate. Rates begin at 1.54% above the base rate with a fee of £1,995 for landlords with a 60% LTV. [1]
Roland McCormack, TSB Intermediary Director, commented, ‘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.’[1]