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.
MPORTANT NEWS FROM TSB: System improvements to help existing customers
From 5 September, TSB has made changes to their system to help existing customers borrow well.
It’s never been more important for borrowers to save money, and with a mortgage being one of their biggest financial commitments, it’s crucial that their existing mortgage product meets their needs and circumstances.
TSB allows existing customers to switch their mortgage up to three months before their current product matures, waiving any Early Repayment Charges.
This will now give mortgage brokers the option to select the month they want their client’s mortgage to switch, ensuring that it only happens when they want it to happen, either sooner or later.
From 9th September, TSB are making changes to their Residential, Buy to Let and Product Transfer Ranges;
Residential:
- First time buyer, House Purchase and Remortgage, fixed rates increasing by up to 0.80%
- Shared ownership and Shared Equity First Time Buyers, House Purchase, Remortgage, fixed rates increasing by up to 0.80%
Buy To Let
- House Purchase and Remortgage, fixed rates increasing by 0.35%
Product Transfer
- Residential and Buy to Let, fixed rates increasing by up to 0.80%