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TSB and Skipton BS change rates after inflation rate increases

The TSB has raised its fixed interest rate price on selected homes today following rising costs of living, but the Skipton Building Society will make similar changes on Tuesday.

High Street Bank says homes, product relocations and additional borrowing scope changes will cover.

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Two-year tracker first-time buyers, home movers and remoot fees increase by 10bps

Three years of FTB, Home Mover and Remortgage fixed products have been replaced by new pricing structures

90% loan to value for 3 years of FTB and Home Mover introduction 95% LTV revision.

95% LTV rate decreases by 10bps from FTB and Home Mover 85% LTV over 5 years

Shared ownership and share price reduced up to 55bps

Three-year revisions from up to 75% LTV and 80% LTV to 85% LTV rates have been reduced by 10bps

Additional borrowing

10bps reduction in 3-year revisions up to 75% LTV

Meanwhile, Skipton said next week, in a note to brokers for new businesses and existing customers, it will bring about various cuts and rate increases across the selected fixed and variable mortgage range.

Pull out selected products in the range of home purchases, home rimmut, and FTB

Get £2,995 commission product variations from 5-year purchases

Withdraw your home's base rate tracker for a rate of £745 and £1,495

Introducing the basic home rate tracker for a rate of £995

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