TSB adds BTL deal but ups remortgage rates

TSB has launched a new two-year buy-to-let tracker and increased rates on several remortgage deals.

The new buy-to-let tracker is available for purchase and remortgage at a rate of 2.29 per cent up to 60 per cent loan-to-value and 2.44 at up to 75 per cent LTV.

It has a fee of £995 and comes with free legals.

Meanwhile the lender has increased its five-year fixed rate remortgage deal by 10 basis points to 1.94 per cent with a £995 fee at up to 60 per cent LTV.

The no-fee alternative has risen to 2.04 per cent and both deals come with £300 cashback.

Five-year fixed remortgage deals at up to 75 per cent LTV have increased by 5 basis points to 1.99 per cent with a £995 fee and 2.19 per cent without.

Both also come with £300 cashback.

TSB head of mortgages Nick Smith says: “The buy-to-let market continues to play a significant role in the UK’s housing market.

“So, from today, we’re delighted to offer our new two-year product to further support landlords looking to remortgage or invest in a property.”

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