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TSB unveils new-build expansion plans

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  • 28/01/2016
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TSB unveils new-build expansion plans
TSB plans to extend its reach into the new-build market this year after receiving unexpected levels of business following its launch into the broker market in January 2015.

The challenger bank, which returned to the high street in September 2013 after being sold off by Lloyds Banking Group, said it wanted to improve on its ‘already decent market share’.

Speaking exclusively to Mortgage Solutions, Roland McCormack said while its service had propelled TSB forward in the new-build market, its criteria was now holding it back.

“Many opportunities exist around the government initiatives on Help to Buy,” said McCormack. “Providing houses for first-time buyers and creating more stock is important to the economy. Outside of the Help to Buy: equity loan brand, we plan to make more of our mortgages available to a wider group of new-build homebuyers.”

McCormack would not elaborate on the details of the new-build range but said its own criteria in this market were not ‘perfectly formed’ and that this was the specific area of focus.

Read the full interview with Roland McCormack online on 4 February.

 

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