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.