TSB Update

TSB is making reductions to its Residential Ranges.

On Friday 16 January, TSB is making selected rate reductions to its Residential, Product Transfer and Additional Borrowing ranges.

For a full list of the withdrawn products, click on the link below:

View Product Changes

Please submit existing applications for these products by the end of Thursday 15 January, as they won’t be available after this time.

Residential

Rates reducing on:

• 2 Year Fixed House Purchase 80-90% LTV, by up to 0.10%
• 3 Year Fixed House Purchase 0-90% LTV £0 fee, by up to 0.15%
• 2 Year Fixed Remortgage, by up to 0.10%
• 2 Year Fixed Shared Ownership and Shared Equity House Purchase 80-85% LTV, by up to 0.10%
• 2 Year Fixed Shared Ownership House Purchase 85-90% LTV, by 0.10%

Product Transfer

Rates reducing on:

• Residential 2 Year Fixed 0-90% LTV, by up to 0.10%
• Residential 3 Year Fixed 0-80% LTV, by up to 0.10%

Additional Borrowing

Rates reducing on:

• Residential 2 Year Fixed, by up to 0.10%
• Residential 3 Year Fixed, by up to 0.10%

Bank of England base rate changes

Following the Bank of England base rate decrease from 4.00% to 3.75% on 18 December, the following TSB revert and Tracker rates have been applied to new customers from 5 January:

• Homeowner Variable Rate – 7.24%
• Buy to Let Variable Rate – 8.09%
• Tracker rates decreased 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 16 January.

For applications, remember:

• 40 year terms available up to a maximum age of 75 with proof of active pension contribution.
• Certain deductions on payslips, such as pension payments not required to be keyed as a commitment.