TSB has increased the maximum loan to value from 85% to 90% and introduced a new maximum loan amount of £500K, where the LTV is greater than 85%, for lending on flats and maisonettes (excluding new properties), from 12 July.

Maximum permitted loan to value for new build remains at 80% and 85% for remortgage with additional borrowing.

Any DIPs or full mortgage applications started before 12 July will not be impacted by these changes.

Please contact your national account manager if you have any questions.