Important Base Rate news from TSB – updates to product range

Following the Bank of England base rate increase of 0.25% to 0.50% on 3 February, TSB has made the following changes to their products from 7 February.

  • All tracker rates increased by 0.25%
  • Homeowner Variable Rate increased to 3.99%
  • Buy to Let Variable Rate increased to 4.84%

There are no other changes to the existing product guide.

For your information:

  • Pre offer cases – when the offer is issued it will show the new rates and monthly payments. There is no need to issue a revised illustration.
  • Offered cases – the first payments letter issued at completion will show the new rates and monthly payments. There is no need to request a revised offer.
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