See the latest announcement from TSB below. Note that you can access TSB via the Brilliant Solutions mortgage club but the lender does place some restrictions on access. Contact us for details.
TSB Mortgage Product Guides are available here but check the date to ensure it has been updated to reflect the announcements below.
TSB is making rate changes to its Residential and Buy to Let House Purchase ranges
On Thursday 26 March, TSB is making the following changes to its Residential and Buy to Let House Purchase ranges. These existing products will be withdrawn at 5pm tonight and relaunched with the below changes from Friday 27 March.
For a full list of the withdrawn products, click on the link below:
Please submit existing applications for these products by 5pm of Thursday 26 March, as they won’t be available after this time. Sourcing systems will not be updated until tomorrow so products may still appear but will not be available on MSO after 5pm.
Residential
Rates increasing on:
- 2 Year Fixed House Purchase (including Affordable Housing), by 0.45%
- 3 Year Fixed House Purchase, by 0.30%
- 5 Year Fixed House Purchase (including Affordable Housing), by 0.25%
Buy to Let and Portfolio Buy to Let
Rates increasing on:
- 2 Year Fixed House Purchase, by 0.45%
- 5 Year Fixed House Purchase, by 0.25%
For guidance on how to amend a product, visit the support page on the TSB Mortgage Intermediaries website.
The new product guide will be available to download from the website on Friday 27 March.
For Residential customer applications, remember:
- 60% of latest bonus used for affordability.
- 40 year terms available up to a maximum age of 75 with proof of active pension contribution.
TSB is making rate increases to its Remortgage products
On Thursday 26 March, TSB is increasing rates on Remortgage products in it’s Residential, Buy to Let and Portfolio Buy to Let ranges.
For a full list of the withdrawn products, click on the link below:
Please submit existing applications for these products by the end of Wednesday 25 March, as they won’t be available after this time.
Residential
Rates increasing on:
- 2 Year Fixed Remortgage (including Affordable Housing), by 0.45%
- 3 Year Fixed Remortgage, by 0.30%
- 5 Year Fixed Remortgage, by 0.25%
Buy to Let and Portfolio Buy to Let
Rates increasing on:
- 2 Year Fixed Remortgage, by 0.45%
- 5 Year Fixed Remortgage, by 0.25%
For guidance on how to amend a product, visit the support page on the TSB Mortgage Intermediaries website.
The new product guide will be available to download from the website on Thursday 26 March.
For Remortgage applications, TSB offer:
- Choice of free legals or £300 cashback on Remortgage applications (Affordable Housing receive £300 cashback only).
- Free basic valuations on all applications.
TSB is making rate changes to its Existing Customer range
On Wednesday 25 March, TSB is increasing rates on its existing customer product range.
For a full list of the withdrawn products, click on the link below:
Please submit existing applications for these products by the end of Tuesday 24 March, as they won’t be available after this time.
Product Transfer
Rates increasing on:
- Residential 2 and 3 Year Fixed, by up to 0.20%
- Residential 5 Year Fixed, by up to 0.10%
- Buy to Let 2 Year Fixed 0-75% LTV, by 0.10%
- Buy to Let 5 Year Fixed 0-60% LTV £995 fee, by 0.05%
Additional Borrowing
Rates increasing on:
- All Residential Fixed rates, by up to 0.20%
- Buy to let 2 Year Fixed rates, by 0.10%
For guidance on how to amend a product, visit the support page on the TSB Mortgage Intermediaries website.
The new product guide will be available to download from the website on Wednesday 25 March.