Back in the day, my parents did everything with the Trustee Savings Bank (TSB), their mortgage, car loans, insurance – I remember my first TSB young savers pass book which came with a (now a collector’s item) Globe TSB Money Box. There was no internet or broker for “shopping around,” they didn’t need to, they had trust!
In 1995, TSB merged with Lloyds and they became Lloyds TSB. In 2009 Lloyds acquired HBOS, (Halifax & Bank of Scotland) and together they became “The Lloyds Banking Group,” dropping the TSB name altogether. Somewhere down the line we had the credit crunch and we all developed a loathing of banks, whom we no longer trusted.
Fast forward a few years and (although retaining a large stake), at the end of 2014, Lloyds put TSB up for sale on the Stock Exchange, as a stand alone bank. Not a bad move, the brand emerges relatively unscathed from the financial crisis.
As an Independent Mortgage Broker, I am a massive fan of new lenders joining the UK mortgage market, it keeps the other banks awake and forces competition. More competition = better deals for you and me!
TSB haven’t disappointed. They smashed into the mortgage market with an incredible 1.49% 2 year fixed rate mortgage for borrowers with a 60% deposit. If you can’t quite stretch to that, a 20% deposit will get you 2.29% fixed for 2 years!
Pretty good rates to kick off with, but as we now live in the 21st century, I would advise anyone looking for a mortgage to find themselves a good independent mortgage adviser and do all the shopping around you need!
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
4 days ago
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more.
The government is introducing mortgage reforms to boost homeownership, stimulate economic growth, and make the housing market more accessible, especially for first-time buyers.
Chancellor Rachel Reeves has announced the most significant mortgage reforms in over a decade—great news for those dreaming of homeownership.
Nationwide ease their ‘Helping Hand’ mortgage designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.
13 days ago
Keeping the kids entertained over the six-week summer holidays isn’t always easy, especially with the cost-of-living making it even more difficult. Below is a list of fun, inexpensive ideas to do over the break
The Financial Conduct Authority (FCA) has published a discussion paper about the future of the mortgage market in a bid to improve access for first -time buyers, self-employed, and those borrowing in retirement.
Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.
18 Jun 2025
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.