TSB raises larger deposit mortgage rates.
Mortgage rates are rising, with more and more lenders announcing rate increases.
The latest lender to increase its rates is the TSB, which has just announced a rate hike for deals at the higher deposit end of its range.
Both 2 and 5 year fixed rates and 2 year trackers have increased for home buyers, and for those looking to remortgage 5 year fixed rates have increased.
Rates have gone up by 0.05 % for those with a 40% deposit. New property purchase rates now start at 1.54% for a 2 year fix for 60% LTV.
For those remortgaging their existing home, TSB has announced an increase to its 5 year fixed rate products.
With it becoming increasing likely rates will be hiked by many more mortgage lenders in the coming months you are advised to act now and lock into a cheap deal while you can.
For impartial advice and a low rate quote call a Deal Direct adviser.
Speak to Deal Direct on 0800 048 8828.
