TSB has lifted selected residential, landlord, product transfer and additional lending by up to 60 basis points.
The bank’s changes, which take effect today (5 July), cover:
Residential
- Two-year fixed purchase and remortgage up to 90% loan to value rates rise by up to 40bps
Buy to Let
- Two- and five-year fixed purchase and remortgage rates lift by 35bps
Product Transfer
- Two- and five-year buy-to-let rates increase by up to 60bps
- Two-year fixed residential up to 90% LTV rates lift by 40bps
Additional Borrowing
- Two- and five-year fixed BTL rates rise by up to 60bps
- Two-year fixed residential rates increase by 40bps
The high street bank becomes the latest lender to raise rates after the Bank of England hiked the base rate by 50 basis points to 5% last month, its 13th rate rise in a row since December 2021, taking it to the highest level in 15 years.
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