Home Brokers News TSB broker service drives 21% lending rise

TSB broker service drives 21% lending rise

by Jonathan Adams

TSB saw a 21.2% increase in lending to £23.1 billion in H1, partly attributed to its mortgage broker service, which attracted over £3 billion of mortgage applications.

Loans and advances to customers grew by 29.0% year-on-year to £27.9 billion, including £2.7 billion of former Northern Rock customers in December 2015.

TSB has now incorporated the Northern Rock mortgages into its new Whistletree brand.

It has also rolled out its new Scan & Upload system to its Intermediary Partners. The mobile app allows brokers to scan and upload their documents so they can submit applications on the go. Almost 5,000 invites have been sent to brokers with 29% of all current invitees having registered to date.

Intermediary Director, TSB, Roland McCormack, said, “The first half of the year was another period of strong growth for TSB. We continue to deliver an award-winning expert to expert service to our brokers, and we’ve also continued to innovate and improve our products and services. The latest example of this is our new scan and upload app so brokers can process their applications quickly and efficiently whilst on the move. Its early days but the app is already proving popular with brokers and is another strong addition to our armoury.”

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Know more