MortgagesMay 26 2015

TSB backs intermediary growth with 55 new hires

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TSB backs intermediary growth with 55 new hires

TSB Intermediary has hired an extra 55 new partners to meet the demand for its mortgages from brokers.

The roles are across broker facing teams, including the telephone support and mortgage processing teams, based in Bristol. This represents the latest phase in TSB Intermediary’s growth since launching earlier in the year.

Roland McCormack, the bank’s director, commented: “We have always been very clear that we won’t sacrifice service for market share, so these new recruits will help ensure we continue to provide the unique expert-to-expert service that is already making us stand out from the crowd.”

In January TSB Intermediary opened its doors for the residential homebuyer market, employing over 200 specialists during the second half of 2014 in the lead up to launch.

By March the firm had expanded its range to include remortgages and in April it took a scalpel to 23 mortgage rates, including two and five-year deals for both house purchase and remortgaging, along with introducing new three-year deals.

Earlier this month, TSB Intermediary jumped into the burgeoning buy-to-let deals market, offering five-year deals, available up to 75 per cent loan-to-value, with a maximum loan size of £500,000 and a maximum of four applicants.

peter.walker@ft.com