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TSB cuts mortgage rates by up to 0.25%

ended 16. December 2024

TSB has this afternoon announced it is making further reductions to mortgage rates of up to 0.25% across its residential, product transfer and additional borrowing products. Newspage asked brokers for their views, below.

5 responses from the Newspage community

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Editor
Darryl Dhoffer
Founder at The Mortgage Geezer
Leading up to the Christmas break, a major lender in the form of TSB is seeking to hoover up some of the remaining mortgage business of 2024. It's hard for borrowers to know what's coming next as the signals emerging from lenders are fairly mixed at present.
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Rohit Kohli
Director at The Mortgage Stop
The mortgage market right now feels as uncertain as Christmas shopping. One lender’s cutting rates like it’s the January Sales, while another is hiking them faster than December delivery charges. Borrowers are left wondering whether to act now or hold out for a better deal in the New Year. TSB’s reduction will bring some festive cheer to those seeking affordability in a challenging market, but it highlights how changeable conditions are. For anyone navigating these twists and turns, expert advice could be the best gift this Christmas.
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Editor
Emma Jones
Managing Director at Whenthebanksaysno.co.uk
Rate cuts of any size are welcome as many borrowers, whether new or existing, need all the support they can get at present. It's a small win for borrowers as we head into the Christmas period in earnest and the hope is that other lenders feel equally festive.
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Editor
Ken James
Director at Contractor Mortgage Services
Always the bridesmaid but never the bride, and not one for sticking its head above the parapet, TSB have finally decided to join the other lenders with some rate cuts. This is welcome news for the market as it adds more choice, but is it too little too late? With Christmas almost upon us, this could see TSB secure some of the last bits of business of 2024.
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Iain Swatton
Director at Exemplar Financial Services
Today’s announcement from TSB, reducing mortgage rates by up to 0.25%, is welcome news for borrowers as we approach the Christmas period. This move not only provides some relief to those looking to secure a mortgage but also signals a positive trend in the market. With a flurry of lenders recently reducing their rates, it’s clear that TSB is positioning itself to capture available business as the year draws to a close. This trend offers hope that we may see further competitive moves as we head into the new year, providing more opportunities and potentially better deals for borrowers in 2025. It’s an encouraging sign for the housing market and a much-needed boost of confidence ahead of the festive season.