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The Express - New Twist in Home Loan Price War as TSB makes "Aggressive" Cuts on New Mortgage Rates

Mortgage brokers described the rate cuts across a series of products as "aggressive" and predicted that other major lenders will follow suit.

TSB has triggered a new round of mortgage interest rate cuts that could save buyers £50-£60 a month on a £250,000 home loan.

Looking ahead, Harps Garcha, Director at Brooklyns Financial, said: "TSB has kicked off the week with some sizeable rate cuts, and you can bet other banks will follow suit. Now that the holidays are done, these steady drops in rates are sure to fire up the housing market."

 

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