tsb

TSB lowers mortgage rates following Halifax, NatWest and others

TSB has cut its mortgage rates, hot on the heels of similar moves by Halifax and other high street lenders.

This comes despite widespread expectations of a further base rate increase by the Bank of England next month.

Specifically, TSB has reduced its 3-year fixed house purchase rate for 0-75% LTV by 0.10%.

Meanwhile, its 5-year fixed house purchase rates have seen reductions of up to 0.60%.

Earlier this week the ONS reported a drop in inflation leading some economists to predict that the base rate is near peak but will remain above 5% throughout 2024.

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