18 March 2015

TSB Intermediary expands to include remortgages

From today, 18 March 2015, people looking to remortgage their home will be able to do so through TSB Intermediary, as The Bank expands its mortgage range available through brokers.

In order to meet broker demand, longer term mortgage deals will be available through TSB Intermediary first, including five year terms and TSB's 10 year Fix and Flex mortgage.  Further mortgage deals will be rolled out over the course of the next few weeks.

Expanding the range available to people looking to remortgage is the latest development for TSB Intermediary which launched in January this year.  This next phase will support TSB's organic growth strategy into the intermediary market while ensuring that the high level of service is maintained.

Speaking about TSB Intermediary's expansion into remortgages, Roland McCormack TSB Intermediary Director, said : "We are delighted to be able to help people looking to remortgage their home through our intermediary arm.  We always planned to roll out new products over time and this latest announcement is testament to the success of TSB Intermediary so far, we look forward to making the full range available to brokers soon.

"We've started with five and 10 year mortgages due to broker demand as customers look to fix their interest rate for longer.  We are currently seeing a lot of appetite for our Fix and Flex mortgage as people seek the assurance of a fixed rate over a longer term with the flexibility to be able to leave after five years without paying a penalty."  

-ends-

Media Contacts

Follow us on Twitter: @TSB_News

Website: www.tsb.co.uk/media


Notes to editors

 

  1. Brokers will be able to recommend TSB mortgages to customers looking to remortgage from Wednesday 18 March 2015
  2. The initial roll out will be for five and 10 year mortgages only  with shorter term mortgage deals available in the upcoming weeks.
  3. TSB Intermediary is currently available to around two-thirds of the broker market (65%) and will roll out further later in 2015.
  4. Details of the remortgage deals currently available through our intermediary arm from 18 March 2015:

 

                        
Remortgage details
   
Mortgage Term Rate (%) Until        Fee Available between   Min LTV (%)Max LTV (%) ERCs
5 year
   
2.1931/07/2020£1,995£200,000 - £1,000,000060

5% to 31/07/2016

4% to 31/07/2017

3% to 31/07/2019

1% to 31/07/2020

2.3931/07/2020£995£5,000 - £1,000,000 060 

5% to 31/07/2016

4% to 31/07/2017

3% to 31/07/2019

1% to 31/07/2020

2.7431/07/2020£0£25,000 - £199,999 060 

5% to 31/07/2016

4% to 31/07/2017

3% to 31/07/2019

1% to 31/07/2020

10 year3.1931/07/2020£0£25,000 - £1,000,000 060 

5% to 31/07/2016

4% to 31/07/2017

3% to 31/07/2019

1% to 31/07/2020