TSB: Re-introduction of Shared Ownership products and base rate changes to rates.

From 4 April, TSB re-launches its entire shared ownership product range, which includes rates for second-hand homes and re-mortgages – all of which come with £500 cashback.

This is a welcome return due to the current popularity in this segment of the market, and with cashback, provides money confidence to any type of borrower.

Following the Bank of England base rate increase on 17 March, the lender is also making the following changes to their variable and tracker rate products:

  • All tracker rates increased by 0.25%
  • First-Time Buyer follow-on rate increased to 3.24%
  • Homeowner Variable Rate increased to 4.24%
  • Buy to Let variable Rate increased to 5.09%

These rate changes come into effect for new business on 4 April, and existing customers on 16 April.

The new product guide is attached and is embargoed until 9am on Monday 4 April.

Brokers will be informed of these changes at 10am on 31 March.

For more information, please contact your national account manager.

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