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TSB, Leeds BS Cut Fixed Rates, TSB now from 3.99%

Journalist: Justin Moy, Contributing Editor

ended 28. April 2025

More mortgage lenders have adjusted their pricing this morning as the market re-tunes to current Swap rate improvements :

Leeds BS

TSB

Following other rate cuts from lenders last week, the momentum of improvement in the market is evident. Will we see further improvement? Commen ts and thoughts as always welcome

7 responses from the Newspage community

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Editor
Justin Moy
Managing Director at EHF Mortgages
More lenders cutting their rates can only be good news for borrowers old and new. With TSB in particular now pricing sub-4%, this gives greater choice within the market and more borrowers can take advantage of the Swap market improvements. No need to wait for the base rate announcement next week.
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Ben Perks
Managing Director at Orchard Financial Advisers
It’s great to see lenders repricing products competitively. The property market is about to hit its busiest period of the year, so lower rates will give a great boost for borrowers.
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David Stirling
Independent Financial Adviser at Mint Wealth
TSB and Leeds Building Society have joined a growing number of lenders in reducing their mortgage rates, with cuts of up to 0.2%. This is great news for borrowers, as the downward trend continues, bringing many deals closer to the sub-4% mark. With a potential Bank of England base rate cut expected next week, competition among lenders is likely to intensify paving the way for further rate reductions in the coming weeks.
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Michelle Lawson
Director at Lawson Financial
More lenders joining the sub 4% party which is a welcome bounce into Spring for borrowers. With the anticipated Bank Base Rate cut next week there should be winners all round.
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Pete Mugleston
Mortgage Advisor & Managing Director at onlinemortgageadvisor.co.uk
This is more good news for borrowers, as it looks like rates are now heading in one direction: down. TSB offering products below 4% is fantastic and is a welcome boost ahead of the summer months, which are traditionally a busy period. With the Bank of England meeting on the 8th of May, and likely to cut the base rate, we could see further reductions in the months ahead. There hasn't been a better time to be a borrower in recent years, and the long-term result of these cuts could be a much-needed boost to the housing market.
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Jack Tutton
Director at SJ Mortgages
The mortgage market is hotting up with TSB becoming the latest lender to offer rates below 4%. There are a lot of people who's mortgage is ending in the remainder of 2025, this greater competivity in the market and continuous reduction in rates will be welcome news.
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Ken James
Director at Contractor Mortgage Services
Crash, Bang Whallop and it's only Monday. Great to see existng customers beginning to benefits from the chages in the swap rates, so often it is only new business that reaps the rewards of the cuts. The markets have begun to look a lot more promising for those entering the market and we are seeing an upturn in business levels due to the rate reductions of the last few weeks.