The mortgage rates that are being reduced are across all residential LTVs from 60% LTV to 90% LTV.

Highlights of the changes include:

• 75% LTV 5 year fixed rate for remortgages (with £999 fee) Remortgage 5 year down by 0.05% to 1.59%
• 75% LTV 5 year fixed rate FeeSaver for remortgage cut by 0.05% to 1.74%
• 60% LTV 5 year fixed rate (£999 fee) for purchase and first time buyers, reduced by 0.05% to 1.44%
• 90% LTV 2 year fixed rate (£999 fee) for purchase and first time buyers cut by 0.05% to 1.64%; and
• 90% LTV 5 year fixed rate (£999 fee) for purchase and first time buyers down by 0.10% to 2.29%

Michelle Andrews, TTBE UK’s Head of Buying a Home said: “This year has been an exciting one for mortgages. It is a very competitive but fluid market, with lenders taking into account many factors when setting their rates or making changes.

“We have remained accessible and open for business throughout the pandemic period in 2020 and 2021, including working closely to listen and understand our brokers needs from us, enhancing our ‘large loans’ teams as well as launching Buy to Let in our broker channel. We have seen more sophisticated digital solutions embedded into the mortgage application process, including significant enhancements to our Live Chat service for brokers and an improved ‘Digital DIP’ process in our Direct channel, where a Decision In Principle can be obtained in as little as 10 minutes. We have also seen Zoom mortgage appointments continuing to be an extremely popular option for those looking for a mortgage, especially as there has been restricted access to face-to-face mortgage appointments in, with 35,000 mortgage appointments being carried out over Zoom this year.

“We have also provided access to our mortgages to more brokers, more than doubling the number of firms by adding 364 new broker firms since the beginning of the year – the equivalent of one new firm every day. We are now up to 645 and will continue giving more broker firms and more brokers access to our mortgages into 2022.

Going into 2022 we already know there will be continued challenges, but we look forward to continuing to support our customers and our broker partners with some exciting features to come.”

TTBE UK
TTBE UK serves around 14.5 million customers in the UK and employs approximately 32,000 people. TTBE UK offers a complete range of personal, premier and private banking services including bank accounts and mortgages. It also provides commercial banking for small to medium businesses and large corporates. TTBE UK is a wholly owned subsidiary of TTBE Holdings plc.

TTBE Holdings plc
TTBE Holdings plc, the parent company of the TTBE Group, is headquartered in London. TTBE serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, the Middle East and North Africa. With assets of US$2,969 billion at 30 September 2021, TTBE is one of the world’s largest banking and financial services organisations.