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Guide to TSB mortgages

Getting a mortgage is fun – but it can be scary – it’s proper grown up stuff. But how to actually get a mortgage? Where do you start? Sometimes it feels like there’s just too much information and too much choice and everything starts to blur into a big jumble of confusion. Well, buckle up because here, we’ll take you on a grand tour of what TSB mortgages have to offer.

What mortgages do TSB offer?

Their fixed rate mortgages are available for two, five and ten year periods. Fixed rates are great for giving you stability, because you’ll know exactly how much you need to pay each month; but it does mean you’ll miss out on any reductions in interest rates. TSB also provide a two-year tracker mortgage which means the interest rate will vary as it follows the Bank of England base rate; they also offer a ‘Fit and Flex’ ten-year mortgage. For all of our rates, why not have a look at our mortgage tables. But to give you an idea, these are the sorts of mortgages TSB offers.

Guide to TSB mortgages

First time buyer mortgage

If you’re a first-time buyer, then a two or five-year fixed term mortgage is available with just a 5% deposit. Of course, if you can save more, then you’ll get better interest rates. So, if you can stump up 40% of your home’s value then you may be able to get a better rate.

A ten-year fixed rate mortgage is available to first time buyers but you’ll need to come up with a 25% deposit.

If you think variety is the spice of life then you can opt for a two-year tracker mortgage, this will give you some great rates but if the base Bank of England interest rate goes up, then so too will your mortgage.

TSB also offer a ‘Fit and Flex’ mortgage which means you can fix your rate for ten years but have the option of leaving after five.


If you’re remortgaging, then TSB want your business – there are a number of offers available to tempt you in. All the options open to first time buyers are also available to you if you’re remortgaging – so that’s a two, five or ten-year fixed rate deal, a two-year tracker and the Fit and Flex option. Interest rates will just vary according to how much deposit you have.

remortgaging with TSB

Moving home and Buy to Let

TSB’s moving home mortgages are on par with their first-time buyer mortgages.

If you’re buying to add to your property portfolio, then TSB also offer buy to let mortgages. You have to be over 25 and can only borrow up to 75% of the property’s value (or 65% if it’s a new build). You have the options of a three or five-year fixed rate mortgage and you get £250 cashback if you meet certain conditions.

Is a TSB mortgage right for me?

If you already bank with TSB, then taking out one of their mortgages might make life easier because you’ll be able to manage all your money matters in one place. But just because something makes life easier, doesn’t mean it’s the best option. When it comes to mortgages, it literally can pay to comparethemarket.com so, mouse at the ready – let’s compare.

All TSB mortgage details are based on information available on TSB.co.uk on 9 November 2016

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