TSB Bank Mortgages

We’ve identified and quickly compared all the TSB Bank Mortgages so that you can see all the product range together side-by-side. Using the mortgage comparison tools you can quickly compare the TSB against other lenders to identify who is offering the best mortgages across the entire range and throughout the whole UK market.

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About TSB Bank Mortgages

Whether you're stepping up, moving on or staying put, finding competitive rates and a mortgage deal that's right for you, is made easier at TSB Bank. TSB bank offers a wide range of financial services, personal banking options and banking for businesses. The key products include current accounts, insurance, savings packages, credit products and mortgages.

TSB provides a range of mortgage options for homebuyers, whether they are first time buyers or looking to remortgage their home. You can choose from fixed-rate mortgages or tracker mortgages. This is based on whether you want to be certain of the interest rate and repayment figures, or if you want to take a risk and potentially come out with a cheaper rate. TSB’s tracker mortgages follow the Bank of England’s base rates, so you could be looking at higher or lower monthly repayment based on the current Bank of England rates. TSB has a Two-Year tracker mortgage plan available for customers buying a property.

TSB’s fixed-rate mortgages offer one set rate, calculated on your personal circumstances and the amount you need to borrow, which will stay the same for the duration of your mortgage term. This type of mortgage makes it easier to budget for your mortgage when considering your monthly expenses, but could potentially work out at a higher rate than the tracker mortgage at certain points. Customers looking for a fixed-rate mortgage can choose from a Two-Year or Five-Year mortgage plan.

The Core Features of TSB Bank Mortgages

  • Free Valuation and Arrangement Fees
  • Overpay by Up To 10% Each Year
  • Strong Value for Money Score

TSB Bank takes into consideration your personal income, your outgoing expenses and your previous loan and credit history. The bank will also consider the value of the property you’re hoping to buy, using the loan to value ratio percentage. If you can afford to pay out a larger deposit on the house, you will receive a lower overall interest rate on your mortgage from TSB.

First Time Buyer Mortgages

TSB offers 2, 5 and 10-years fixed rate mortgages with 5, 5 and 25% starting deposit respectively. Also, the Fix and Flex mortgage; a ten-year fixed rate mortgage, you can leave after five. It helps you manage your repayments in the long-run, without the long-term tie-in.

At present, TSB is announced an offer. Customer will receive £500 cashback as a thank you for being a first-time buyer; however, Cashback will be paid upon completion via conveyancer on mortgages over 85% LTV. Offer can be withdrawn at any time.

Remortgaging

The benefits of remortgaging with TSB bank include free standard legal work for loan up to £999,999, no valuation fee for mortgages up to £1 million, borrow up to 90% of your home's value. The options include 2, 5 and 10 years fixed rate mortgages and Fix and Flex mortgage.

Buy to Let Mortgages

The options here include 3 and 5 years fixed rate mortgages. You can borrow up to 75% of the property's value (65% for new build) and from £25,005 up to £1 million. It also lets you take out up to three TSB Buy-to-Let mortgages to a total value of £2 million.

How does it work?

Customers can apply for a mortgage from TSB by visiting their local TSB branch, calling the bank’s contact number or through the online application form.

The Final advice

If you want to stick to traditional fixed rate and tracker mortgage, with flexible monthly mortgage repayments for the initial period, TSB bank is a convenient and user-friendly option. TSB also has a range of special rates and exclusive offers for first time homebuyers, giving you the chance to get on the property ladder more easily.
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