TSB to cut rates by up to 20bps – Mortgage Strategy
TSB is cutting residential mortgage rates tomorrow by up to 20 basis points.
The lender is lowering prices on two, three and five-year fixed rates for purchase by up to 20bps.
Three-year fixes for remortgage will drop by 15bps.
Leeds Building Society is also lowering some new lending and rate switcher prices and withdrawing certain deals at close of play today.
Full details will be shared on its intermediary website.
Last week, Halifax, BM Solutions and Vida Homeloans announced rate cuts that would take effect from today.
Analysis by Moneyfacts found that average two and five-year fixed rates edged downwards over the week to Friday, after 19 lenders repriced.
