TSB Intermediary has today (18 March) announced that it is expanding its service to include remortgages through brokers.
In order to meet demand, longer term mortgage deals will be available first, including five-year terms and TSB’s 10-year Fix and Flex mortgage. Shorter term deals will be made available over the next few weeks.
Roland McCormack, TSB Intermediary’s director, said: “We’ve started with five and 10 year mortgages due to broker demand as customers look to fix their interest rate for longer.
“We are currently seeing a lot of appetite for our Fix and Flex mortgage as people seek the assurance of a fixed rate over a longer term with the flexibility to be able to leave after five years without paying a penalty.”
Earlier this month, chief executive Paul Pester mentioned the bank’s potential expansion into buy-to-let and remortgaging this year as part of plans to increase market presence.
After launching in January, TSB Intermediary is currently available to around two-thirds of the broker market and will roll out further as the year goes on.
Last week the wider TSB Banking Group confirmed it had received a £1.7bn takeover proposal from Spanish banking group Banco de Sabadell SA.
peter.walker@ft.com
