Important News from TSB: Changes to Residential affordability criteria
From today, 18 February 2022, TSB has changed the stress rates used when calculating affordability on residential mortgages. This move follows the Bank of England base rate increase on 3 February 2022. The updated rates are in the table below:
Brokers have been informed of these changes today.
If you have any questions, please contact your National Account Manager for changes to Residential affordability criteria