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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Rate Switch

Rate Switch, our product transfer service, makes our mortgage offering even better.

For your clients, this means competitive rates with no legal fees.

And for you it means quick and easy applications you can track in real time on TSB Mortgage Pro.

Plus you earn proc fees.

To make sure we’re looking after our customers through Covid-19, we’ve temporarily removed our restrictions on customers applying for a Rate Switch when on a payment holiday.

We will be writing to customers to let them know their payments will be recalculated once the payment holiday has ended.

From 1 January 2021 Buy to Let customers who are living overseas will no longer be able to complete a Rate Switch application with TSB.  This restriction is to ensure we maintain regulatory compliance with both UK and European law post Brexit.

Buy to Let accounts with an overseas correspondence address have been identified and an indicator applied to their account. Customers will be informed of this change to criteria if they make a Rate Switch application.

If a Buy to Let customer informs us that they now reside in the UK, the Rate Switch application will be progressed.

More information can be found at tsb.co.uk.

Find information on our Rate Switch products below:

Residential  Buy-to-Let