TSB
BankTSB was re-established in 2013 following its separation from Lloyds Banking Group, and is now owned by Sabadell Group. It focuses on straightforward residential mortgage products with competitive rates, positioning itself as a simpler alternative to the larger high street banks.
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Lending Focus
TSB offers mortgage products across 1 categories including Residential.
Key Features
- Simple, transparent mortgage product range with no hidden fees
- Competitive fixed-rate deals aimed at first-time buyers and home movers
- No arrangement fee options available across key product lines
- Flexible overpayments up to 10% of outstanding balance per year
- In-branch mortgage advice alongside digital application process
Pros & Cons
Pros
- Simple, transparent product range that is easy to understand
- Fee-free mortgage options available across most product lines
- Competitive rates aimed at first-time buyers and home movers
- In-branch advice available alongside digital application tools
Cons
- –No buy-to-let mortgage products available
- –No offset mortgage option
- –Smaller branch network compared to the big four banks
Fees & Charges
Arrangement Fee
Fee-free options available; otherwise up to £995
Valuation Fee
Free on selected products; otherwise £250–£1,500 depending on property value
Early Repayment Charge
1–5% during the initial deal period
Overpayment Allowance
Up to 10% per year without charge
Mortgage Rates
Rate data coming soon
We're working on adding live mortgage rate information for TSB. In the meantime, visit their website for the latest rates.
View rates on TSBApplication Process
Processing Time
2–4 weeks from application to offer
Online DIP
Yes — available online
Offer Valid For
6 months
Lending Criteria
Maximum LTV
95%
Max Loan Amount
£2m
Min Loan Amount
£25k
Rate Types
fixed, tracker
Frequently Asked Questions
Does TSB offer buy-to-let mortgages?
What is the maximum LTV TSB offers?
Can I overpay my TSB mortgage?
Does TSB offer fee-free mortgages?
How to Apply
Direct & Broker Access
You can apply directly with TSB or through a mortgage broker. Using a broker gives you access to the whole market and may secure better terms. Find a broker
Contact Information
Need a TSB Broker?
Find FCA-regulated mortgage brokers who have TSB on their lender panel.
Find a BrokerRegulatory Status
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.