The Bank has also introduced two year tracker rate buy to let mortgages, available at a LTV ratio of up to 75%.
Landlords with a LTV between 60-75% can now take out a two year fixed rate TSB mortgage on a new property with rates starting at 2.99%.
TSB now has a range of fixed rate buy-to-let mortgages available through brokers for landlords with a higher LTV looking for two, three or five year deals.
TSB is also introducing a range of two year tracker mortgages for landlords looking to benefit from the historically low Bank of England Base Rate. Rates start at 1.54% above the base rate with a fee of £1,995 for landlords with 60% LTV.
Roland McCormack, TSB Intermediary Director, says:
“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.”
