12/5/2023 0 Comments Tsb uk co![]() We will not be responsible to you if any product or advice you obtain form a third party is not suitable for you or does not meet your requirements. We do not recommend or accept any responsibility for any third party provider’s products, services, information, advice or opinions provided to you either directly or via their websites. However, we do not guarantee that all information is accurate and free of errors and omissions at all times and we do not accept any responsibility or liability for any loss you may suffer as a result of information on this site not being accurate at all times. ![]() We take reasonable care to correct errors or omissions on our site as soon as we can after we are made aware of them. As our website contains links through to firms which provide consumer credit we have limited permission to undertake credit broking activities and for these limited activities only AE3 Media Limited is authorised and regulated by the Financial Conduct Authority The principal business of AE3 Media is journalism. “Expect more of the same over the next couple of weeks in light of the positive comments from Andrew Bailey yesterday.”ĪE3 Media Limited is authorised and regulated by the Financial Conduct Authority “Consumers still need to be cautious about holding off too long to secure a rate as the outlook can change with a flick of a switch.”Ĭraig Fish, director at Lodestone Mortgages and Protection, added: “Dare we say the words, ‘rate war’? Another lender reducing rates, especially considering it’s the second time this week for this lender, is certainly a sign that one may be on the horizon as lenders realise they are a long way short of their lending targets for the year. With swap rates continuing to fall, and some positive comments from the governor of the Bank of England, we could see more and more lenders follow suit in the days to come. Jamie Lennox, director at Dimora Mortgages, said: “The domino effect is in full swing with lenders and their rate reductions. This will apply to two and five-year options.įor existing borrowers, Natwest will cut its residential two and five-year switcher rates by up to 0.3 per cent, and remortgage alternatives will be reduced by up to 0.2 per cent.Īgain, mortgage brokers welcomed the news. Its green purchase deals will see rate cuts of up to 0.18 per cent, while remortgage options will go down by as much as 0.12 per cent. Shared equity purchase mortgage rates that are fixed for two and five years will be cut by up to 0.28 per cent. The changes will be effective from 8 September and apply to new and existing customer products.įor new purchase borrowers, two and five-year deals will be reduced by up to 0.18 per cent, while remortgages will be cut by as much as 0.12 per cent.įor first-time buyers, Natwest will reduce the rates on two and five-year options by as much as 0.15 per cent. Natwest has made a second round of mortgage rate reductions, following cuts of up to 0.55 per cent earlier this week. Let’s hope the inflation figures due next week don’t put the brakes on.” ![]() More encouragement for borrowers, slowly but surely. Justin Moy, managing director at EHF Mortgages, added: “TSB’s latest reprice is another sign of recovery in the mortgage market, as lenders look to grab some market share and seek to achieve their lending targets. ![]() Everyone in the UK should have their fingers crossed because, like it or not, it affects us all.” “All eyes will now be on the Bank of England this month when they decide what to do with the base rate in response to the inflation data due out on the 20th. We’re not out of the woods yet due to the lagging effect of rising rates, however with several large lenders all following suit, this is a glimmer of hope that the worst is behind us. Lewis Shaw, owner and mortgage expert at Shaw Financial Services, said: “Another step in the right direction for rates that can only be seen as a positive. Mortgage brokers commended TSB for its rate cuts. The two and five-year fixed buy-to-let product transfer deals will also be cut by up to 0.5 per cent, as will the two and five-year fixed additional borrowing options.Īdditionally, TSB will launch fee-free remortgages for buy-to-let borrowers, fixed for either two or five years, with rates starting from 5.79 per cent. Its two and five-year fixed buy-to-let rates for purchase and remortgage will receive the largest reductions and be lowered by up to 0.5 per cent.
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