TSB, Together, Santander and Skipton trim selected mortgage rates as May repricing wave extends
TSB and Together cut selected fixed-rate mortgages on 22 May, joining Santander's reductions of up to 27 basis points and Skipton's 14bps average trim earlier the same week. These are individual lenders trimming margins where competition is sharpest — not a wholesale repricing on cheaper funding. For buyers and remortgagers, headline pricing eases modestly on selected deals. The caveat: swap rates remain volatile and gains could reverse if energy or inflation data surprise upward.
What this means for…
Buyers· 2/3
Sellers· 1/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 5/9.
More Rates commentary
9 Jul 2026 · Impact 6/9
NatWest, Landbay and Molo cut mortgage rates on 9 July as lender competition intensifies
7 Jul 2026 · Impact 7/9
Six lenders cut mortgage rates in 24 hours as swap rates fall below 4%
6 Jul 2026 · Impact 5/9
Nationwide, Virgin Money and HSBC cut fixed mortgage rates by up to 0.19% as summer repricing spreads