TSB was this morning the latest lender to announce rate cuts. With 2- and 5-year swap rates also coming down over the past 24 hours, brokers welcomed the move by the TSB, albeit with caveats. On Friday 25th August TSB is reducing rates on 2-year fixed house purchase and remortgage, 0-75% loan-to-value (LTV), by 0.10% and lowering its 3-year fixed remortgage, 0-75% LTV, by 0.10%. Brokers were quick to react to the news when canvassed.
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Link to Original Article: The Intermediary - TSB latest mortgage lender to announce rate cuts, as swaps edge down