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.
Important News from TSB: Changes to Residential products, end dates and base rate increase
TSB has applied new reversionary rates to products to reflect the Bank of England base rate increase to 0.25% from 10 January for new customers.
- Homeowner Variable Rate 3.74%
- Buy to Let Variable Rate 4.59%
Residential product end dates have been extended to end of May and various rate changes on Affordable Housing products apply, from Monday 10 January.
Reduced rates:
- 5 Year Fixed New Build/Shared Ownership/Shared Equity First Time Buyer and House Purchase, 80-90% LTV, by up to 0.30%
- 5 Year Fixed Shared Equity First Time Buyer and House Purchase, 80-85% LTV, by 0.15%
- 5 Year Fixed Shared Ownership Remortgage, 80-85% LTV, by 0.15%
Increased rates:
- 5 Year Fixed New Build Shared Ownership/Shared Equity First Time Buyer and House Purchase, 0-75% LTV, by up to 0.35%
- 2 Year Fixed Shared Ownership/Shared Equity First Time Buyer and House Purchase, 0-90% LTV, by up to 0.40%
- 2 and 5 Year Fixed Shared Equity Remortgage 0-75% LTV by up to 0.25%
- 2 Year Fixed Shared Ownership Remortgage, 0-85% LTV, by up to 0.30%
- 5 Year Fixed Shared Ownership Remortgage, 0-75% LTV, by 0.55%
The product guide is attached and embargoed until 9am on Monday 10 January.
Brokers will be informed of these changes on Friday 7 January at 10am and asked to submit applications for these products by 8pm on Sunday 9 January as they won’t be available after this time.