High street lender TSB will reduce select residential, product transfer and additional borrowing deals by up to 0.2%.
TSB‘s changes come into force from 5 March, and existing applications for deals should be submitted by the end of 4 March.
Within its residential range, two-year fixed first-time buyer and homemover deals between 85% and 90% loan to value (LTV) will fall by 0.1%, along with its five-year fixed first-time buyer and homemover products from 75% to 90% LTV.
TSB’s three-year fixed first-time buyer and homemover products from 60% to 75% LTV and its two-year fixed remortgage deals between the same LTVs will decrease by 0.05%.
On the product transfer side, residential two-year fixed rates up to 75% LTV and between 85% and 90% LTV will reduce by up to 0.2%, and residential three-year fixed rates will go down by 0.1%.
TSB’s residential five-year fixed rates up to 60% LTV will be cut by 0.05%.
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In its additional borrowing range, residential two-year fixed rates up to 75% LTV will fall by up to 0.2%, residential three-year fixed rates will reduce by up to 0.1% and residential five-year fixed rates up to 60% LTV will decrease by up to 0.05%.
Clydesdale Bank cuts core resi, exclusive and BTL deals
Clydesdale Bank will lower select core residential deals, exclusive products and buy-to-let (BTL) deals by up to 0.21%.
The changes will come into force from 5 March.
Within its core product range, which includes product transfers, select 65% and 75% LTV two- and five-year residential rates will be reduced by up to 0.1%.
On the exclusive side, two-year residential remortgage exclusives at 75% and 85% LTV will be cut by up to 0.12%.
Two- and five-year residential large loan exclusive rates at 65% and 75% LTV will be decreased by up to 0.1%.
The lender is also lowering two- and five-year residential product transfer exclusive rates at 65% LTV by around 0.1%.
In its BTL range, two-year deals between 60% and 75% LTV will fall by around 0.21%.
