TSB has cut its long term fixed home loan rates ahead of tomorrow's OCR announcement. It has shaved 35 points off its five year rate; 15 off the three year rate and 10 off the four year rate.
Yesterday we reported on the low level of lending activitiy, however today we have indications that is about to turn around. Applications for home loans has reached a high level and in this story we tell you which groups are making the applications.
| « Loose lending on low volumes | OCR update and TSB changes » |
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