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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Expert underwriting support with applications from £750k to £2million.

You asked us to be even more flexible, we listened...

In a mortgage market which is as challenging as ever, we’ve made significant improvements to our lending criteria, with a focus on how we can support borrowers seeking larger loans.

According to *Rightmove, the average sold price for a property in the City of London in December 2023 was £995,053 and demand for high value lending is also rising. In response, we’ve introduced a team of expert Underwriters with substantial experience in this area of lending. For applications from £750k up to £2million, they’ll let you know if the case is viable in an initial pre-submission conversation, right through to mortgage offer. They’ll provide support for you and your client throughout the application process.

TSB Head of Mortgage Intermediaries, Beverley Bradford said: “In a market that’s extremely challenging it’s great to be able to offer our customers more choice and our brokers the option of discussing these more complex scenarios with our underwriters.” 

Contact our expert team on 0330 123 3959 (9.30am to 4.30pm)

See our website for more information.

More flexible interest only lending options.

We’ve also improved our Residential interest only lending criteria and now accept the sale of the security property as a repayment strategy. We now offer flexibility to borrowers in an ever-changing economic environment. Subject to criteria. See our website for more information.

Our national team of Business Development Managers (BDMs) can provide guidance on more complex scenarios, working closely with our underwriter team(s) to build confidence and trust. They also remain committed to returning calls within 3 working hours, and our office-based BDMs will always strive to answer calls within seconds. Having won the prestigious Financial Adviser Five-Star Service Award for Mortgages for the last 4 years running, we continue to evolve, both in terms of products and criteria, ensuring that we deliver an enticing lending proposition.

*Source: Rightmove (data taken from HM Land Registry 8 December 2023 House Prices in City Of London (rightmove.co.uk)