Brilliant Solutions

TSB Update

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.

Brexit changes impacting EEA and Swiss national requirements

TSB has made some changes to lending criteria for Residential and Buy to Let applications, effective from today, to ensure compliance with both UK and European law post Brexit.

For applications from EEA and Swiss nationals evidence of the applicants ‘share code’ is now required to verify their settled or pre-settled status. For guidance visit Gov.UK

Alternatively, should the customer have it, evidence of permanent right to reside in the UK can be provided, as per current lending policy for foreign nationals from non-EU states.

All pipeline EEA and Swiss national applications where the decision in principle and full mortgage application was submitted on or after 1 January 2021 are subject to these requirements.

For these applications a case requirement will be added requesting evidence of the customers permanent rights to reside or their ‘share code’. Applications offered before 15 January 2021 will not be impacted.

Important information:
EEA includes the EU countries along with Iceland, Liechtenstein and Norway but for this purpose excludes Irish nationals, who will be treated the same as UK nationals.

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