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TSB for intermediaries new rates

ended 08. February 2023

A Newspage broker has just alerted us to the fact that, from, Friday 10 February, TSB (Intermediaries) is making further reductions to selected Residential rates, including the launch of a competitive 2-Year Fixed rate at4.44%, available for existing homeowners looking to Remortgage. It's also reducing selected Product Transfer Fixed rates, starting from 4.14%. You'll know more about this than me, so fire away. What are your thoughts on this? Is this a decent 2-year fix? At this rate, will there be a sub-4% 2-year fix before the summer (if not earlier)? Answers on a postcard…

 

2 responses from the Newspage community

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Editor
Imran Hussain
Director at Harmony Financial Services
The rate war is hotting up and it's great to see TSB throw their hat into the ring long may it continue as the biggest winners are the clients .
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Hannah Bashford
Director at Model Financial Solutions
TSB, Virgin and HSBC all currently have rates at 4.4 something- it’s a great indication that rates may come down further than where they are now but short term swap rates have been higher than long term rates so I believe it will be a while before we see 2yr rates below 3% but we could well be there by the summer.