fintech / news / / Manchester Evening News
Santander and TSB are the two banks with confirmed changes coming this week.
Santander is reducing two-year fixed first-time buyer mortgage rates by up to 0.28 percentage points.
KEY POINTS
- Santander's five-year fixed My First Mortgage with 2% deposit will lower to 5.85% with £250 cashback.
- TSB is cutting two-year fixed house purchase mortgage rates by up to 0.45 percentage points starting Friday.
- Some TSB product transfer and additional borrowing rates are increasing, indicating selective rate adjustments.
- Recent swap rate drops have enabled these bank rate cuts, but reductions are selective, not broad-based.
COMPANIES
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