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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Making new homes more accessible

Saving for a deposit is one of the main challenges for buyers looking to enter homeownership or move up the property ladder. I’m delighted to share that at TSB, we’ve introduced increases to our loan to values on New Build Houses and Bungalows and offer up to 95% LTV across our core New Build and Shared Ownership ranges to help make new homes more accessible for homeowners.

With New Build enquiries increasing due to a shortage of open market stock, this criteria change will be welcomed by everyone connected to the sector. New Build has been a key segment for TSB and these improvements show a further commitment to the market. By moving to 95% LTV on New Build Houses, combining this with our First Time Buyer affordability offering, we can undoubtably look to support more customers taking steps to own their first home.

In the Shared Ownership Sector, we have consistently heard over the last 12 months from our broker partners that Shared Ownership demand continues to grow post Help to Buy. We’ve been a long standing supporter of this sector of the market and are delighted that we’re also able to offer up to 95% LTV mortgages based on the customer share for those purchasing a house.

Remember, at TSB we offer:

  • Face to face BDM support, returning calls within 3 hours.
  • A dedicated New Build Team to support you and your clients up to and including completions. Just select Option 2 when calling your regional case management number.
  • Offers valid for 180 days with a seamless extension process for a further 180 days – whilst retaining the same product.
  • Direct access to an underwriter.

For more information on how we can help support your clients, please get in touch with your local BDM who will be happy to discuss these changes further with you.


Paul Thornton
National New Build Manager
TSB Mortgage Intermediaries