TSB will pull a broad range of two-year home loans at 6pm today (24 October) in an “urgent product withdrawal” ahead of a repricing.
The high street lender says the move covers two-year purchase and remortgage fixed-rate deals up to 75% loan to value, with a £995 fee.
It adds that it will reintroduce these products on 26 October, detailing these changes to brokers tomorrow (25 October).
The firm says that intermediaries must submit existing applications for these products by its 6pm deadline today, “because they will not be available after this time”.
It warns that its new product guide will not be available until 26 October, meaning that the lender’s “current product guide will be incorrect for a short period”.
The business “apologises in advance for any inconvenience this causes.”
Earlier this month, TSB became one of several lenders to cut its home loan rates below 5% after announcing it would make further reductions to its residential, product transfer and additional borrowing ranges, with prices starting from 4.89%.
