TSB has applied new reversionary rates to products to reflect the Bank of England base rate increase to 0.25% from 10 January for new customers.

  • Homeowner Variable Rate 3.74%
  • Buy to Let Variable Rate 4.59%

Residential product end dates have been extended to end of May and various rate changes on Affordable Housing products apply, from Monday 10 January.

Reduced rates:

  • 5 Year Fixed New Build/Shared Ownership/Shared Equity First Time Buyer and House Purchase,80-90% LTV, by up to 0.30%
  • 5 Year Fixed Shared Equity First Time Buyer and House Purchase, 80-85% LTV, by15%
  • 5 Year Fixed Shared Ownership Remortgage, 80-85% LTV, by 0.15%

Increased rates:

  • 5 Year Fixed New Build Shared Ownership/Shared Equity First Time Buyer and House Purchase,0-75% LTV, by up to 0.35%
  • 2 Year Fixed Shared Ownership/Shared Equity First Time Buyer and House Purchase, 0-90% LTV, by up to 0.40%
  • 2 and 5 Year Fixed Shared Equity Remortgage0-75% LTV by up to 0.25%
  • 2 Year Fixed Shared Ownership Remortgage, 0-85% LTV, by up to 0.30%
  • 5 Year Fixed Shared Ownership Remortgage,0-75% LTV, by 0.55%

The product guide is attached and embargoed until 9am on Monday 10 January. 

Brokers will be informed of these changes on Friday 7 January at 10am and asked to submit applications for these products by 8pm on Sunday 9 January as they won’t be available after this time.

If you have any questions, please contact your National Account Manager