As part of our participation in the Funding for Lending Scheme*, we have reduced the interest rate by 1% on all approved business loan and commercial mortgage applications.
Reducing the borrowing costs for small and medium-sized businesses is just one way we're going further to help our customers, and Britain, prosper.
Any property given as security which may include your home,
may be repossessed if you do not keep up repayments on your mortgage or
other debts secured on it.All lending is subject to a satisfactory credit assessment
and we will need your permission to carry out a credit check on you and
your business.You should not apply for an amount that you can not
comfortably afford to repay now and in the future to avoid the
possibility of legal action.
*TSB is a market participant of the Bank of England’s Sterling
Monetary framework (SMF) and as such is eligible to apply for usage of
the Bank’s operations in the sterling money markets, which includes the
Funding for Lending Scheme (FLS).
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