TSB is introducing new 95 percent LTV products with £500 cashback and rates from 4.04 percent.

  • 5 year fixed (3 and 5 year ERC) first time buyer and house purchase, 90-95 percent LTV £995 and £0 fee products;
  • Stepped down first time buyer, 90-95 percent LTV £0 fee product;
  • 10 year fixed (5 Year ERC) first time buyer and house purchase, 85-95 percent LTV £0 fee products.

Please note:

  • For applications where the amount of income used in the affordability calculation is < £40,000 and the loan to value is >90 percent the calculation is reduced to 4.25x, previously 4.26x income;
  • Mortgages with an LTV of >90 percent will not be available for self-employed customers, and day rate contractors;
  • There is no change to the current credit policy requirement and lending >85 percent LTV continues to only be available for houses and bungalows.

For more information visit the TSB website, or download their product guide here.