TSB Mortgages
Compare TSB Mortgage Rates. TSB is a commercial and retail bank which offers mortgages for homeowners, first time buyers and buy to let landlords.
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- 4.34% Initial
- 5 year fixed
- 7% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.49% Initial
- 5 year fixed
- 7% APRC
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- 4.52% Initial
- 3 year fixed
- 7.8% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.72% Initial
- 3 year fixed
- 7.8% APRC
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- 4.74% Initial
- 2 year fixed
- 8.2% APRC
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- 5.14% Initial
- 2 year fixed
- 8.2% APRC
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Cashback £0Free LegalsFree Valuation
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Compare TSB mortgages
Before selecting a mortgage deal, you need to be sure you know which type of mortgage offers the best fit for your personal borrowing needs and circumstances. There are many different options you can choose from.
First Time Buyer mortgages
You can get a mortgage with a deposit of as little as 5% from TSB if you are planning on purchasing your first home. You can choose from a variety of fixed rate and tracker mortgages to allow you to plan your repayments in a way that suits you.
Buy to Let mortgages
If you are over 25, you may be able to apply for a buy to let mortgage with TSB so you can buy a property to rent out. To qualify you must already have an existing mortgage elsewhere and must be employed, or self-employed with at least 3 years of self-assessments. The amount you can borrow will depend on the property’s market value and its monthly rental income.
Remortgaging with TSB
You can borrow up to 90% of your home’s value when you transfer your mortgage to TSB. This could allow you to reduce your monthly payments by letting you get a better interest rate than your current mortgage.
Remortgaging could also allow you to increase or decrease your borrowing depending on your changing needs to you can repay your mortgage faster or unlock more funds for home improvements or other purposes.
Second charge mortgages
Instead of remortgaging, it may make more sense to take out a separate secured loan. This is most often applicable if you already have a good deal on your mortgage that you do not want to give up. This kind of secondary secured loan is commonly known as a second charge mortgage.
Loan to value ratio
Any mortgage product will usually come with a maximum limit on what you can borrow, defined as a percentage of the market value of the property you wish to borrow against. This percentage figure is known as a loan to value (LTV) ratio and defines the proportional relationship between the size of the loan and the value of the property.
So, as an example, a mortgage product offering LTV up to 75% would allow you to borrow up to £75,000 on a property worth £100,000. In general, you will tend to be offered better interest rates on mortgage deals with a lower LTV, although the exact rate you will get depends on various other factors.
Find the best deals on mortgage rates
To get the best deal on your mortgage rate you need to be prepared to compare as many different mortgage products as possible. Doing this manually can be time consuming and tedious which is why we offer a free mortgage calculator to make this easier.
To try it out, simply head to the top of this page and plug in some basic information about your borrowing requirements. The calculator will then show you matching deals from all the leading lenders so you can choose the one that is best for you.