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 selected rate reductions across its Product range
On Friday 1 May, TSB is making rate reductions to its Residential, Buy to Let and Product Transfer 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For a full list of the withdrawn products, click on the link below: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 Thursday 30 April, as they won’t be available after this time.
Residential
Rates reducing on:
- 2 and 5 Year Fixed House Purchase (including Affordable Housing) 0-60% LTV £0 fee, by 0.05%
- 2 and 5 Year Fixed Remortgage 0-60% LTV £0 fee, by up to 0.15%
- 2 Year Fixed Affordable Housing Remortgage 0-60% LTV £0 fee, by 0.15%
Buy to Let and Portfolio Buy to Let
Rates reducing on:
- 2 Year Fixed House Purchase and Remortgage 0-60% LTV £995 and £0 fee, by up to 0.30%
- 5 Year Fixed House Purchase and Remortgage 0-60% LTV, by up to 0.20%
- 2 Year Tracker House Purchase and Remortgage 0-60% LTV, by 0.10%
Product Transfer
Rates reducing on:
- Buy to Let 2 Year Tracker 0-60% LTV, by 0.10%
The new product guide will be available to download from the website on Friday 1 May.
TSB has become part of Santander
We got in contact last July about the announcement regarding Santander’s agreement to buy TSB from Sabadell – this has now been approved by the regulators and as of today 1 May, TSB is part of Santander.
Santander and TSB are working together to create better banking for customers in the UK.
What this means for you and your clients
As a valued broker working with TSB Mortgage Intermediaries, we want to reassure you that you don’t need to do anything different, our services and products are still operating as normal. And, your clients’ mortgages remain with TSB and they can use their Mortgage account in the same way. We remain committed to delivering our five star service.
What happens next?
Although this marks an important milestone, it is only the first step in a longer process and TSB continues to operate as a separate legal entity for the time being.
Your support for customers throughout their home-buying journey means a lot to us, and we want to reassure you that nothing is changing right now – it’s very much business as usual during this period.
If you have any further questions, please feel free to reach out to your Business Development Manager or view our FAQ’s on our website here.