Principality makes rate changes and refreshes tracker range; TSB trims rates – round-up
Principality Intermediaries announced a series of rate reductions of up to 0.2%, effective from 2 November.
Principality also announced the launch of new buy-to-let (BTL) and holiday let tracker products.
The lender will also withdraw all discount mortgage products from its range.
Within its residential range, Principality will reduce rates on two- and five-year fixed products at 90% loan to value (LTV) by 0.1%. Meanwhile, two-, three- and five-year fixed products at 95% LTV will fall by 0.2%.
BTL two- and five-year fixed products at 60% LTV and holiday let two- and five-year fixed products at 75% LTV will both see marginal decreases of 0.05%.
Principality will also introduce two- and five-year tracker products for BTL and holiday let borrowers.
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However, selected rates will see slight upward movements.
Residential two- and three-year fixed products at 65%, 75% and 85% LTV, along with five-year fixed products at 65% and 75% LTV, will rise by 0.05%. The two-year fixed 95% LTV shared ownership product will also increase by 0.05%. Holiday let two-year fixed products at 60% LTV will also rise by the same amount.
TSB makes rate cuts
TSB’s rates across residential, buy-to-let (BTL), product transfer and additional borrowing ranges were decreased today.
Within its residential range, five-year fixed purchase rates at 75 to 85% LTV will decrease by 0.05%.
Two-year fixed remortgage rates at 75 to 85% LTV and three-year fixed remortgage rates will fall by up to 0.1%.
For both BTL and portfolio BTL, two- and five-year fixed purchase and remortgage rates at up to 75% LTV will decrease by 0.1%.
Product transfer end dates have been moved to the end of April 2027. Rates decreased by 0.1% on two-year fixes at 0 to 60% LTV, while rates at 60 to 75% LTV with £1,495 and £995 fees fell by 0.05%.
Changes to TSB’s additional borrowing range included three-year fixed rates falling by up to 0.1%, and five-year fixes at 0 to 75% LTV decreased slightly by 0.05%.
