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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Post–Brexit policy and criteria changes

We are updating our current policy to ensure business is conducted in line with both UK and European law, post-Brexit.

Buy to Let: Rate Switch

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.

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 the customer informs us that they now reside in the UK, the Rate Switch application will be progressed.

This also applies for customers with TSB second home loans residing outside of the UK.

Non UK and Irish Nationals

Applicants who are not from the UK or Ireland will need to provide evidence of their permanent rights to reside in the UK. For more information please visit our criteria for foreign nationals.