This is five days faster than the average approval time across all lenders. How long does a mortgage application take at TSB?Īccording to research from our online broker partner, Trussle, it takes an average of 11 days to get a mortgage from TSB approved. Bear in mind that you can only borrow up to 80% of the property’s value when you take out a buy-to-let mortgage. TSB also offers both fixed-rate and tracker mortgages on buy-to-let properties. TSB trackers charge interest between 1.59% and 3.54% above the bank rate, depending on whether you’re a first-time buyer, homemover, or remortgager – and on the percentage of the property’s value you want to borrow.Īfter two years, homemovers and remortgagers revert to TSB’s Homeowner Variable Rate, currently priced at 4.74%.įirst-time buyers will be transferred onto a cheaper Follow-on Tracker Rate, currently priced at 2.49%. However, no early repayment charges apply. TSB provides two-year tracker mortgages, where the rate fluctuates directly in line with the Bank of England Bank rate.Īll of these deals come with a £995 arrangement fee. Rates range from 3.44% to 4.74% depending on whether you’re a first-time buyer, homemover, or remortgager – and on the percentage of the property’s value you want to borrow.Īfter the 10-year fixed rate period, homemovers and remortgagers will be transferred to TSB’s Homeowner Variable Rate, currently priced at 4.74%.įirst-time buyers will be transferred onto a cheaper Follow-on Tracker Rate, currently priced at 3.49%.īear in mind that all Follow-on Rates are likely to be different by the time your mortgage deal ends. These mortgages lock in your interest rate for 10 years. When the five-year fixed period ends, homemovers and remortgagers will be transferred to TSB’s Homeowner Variable Rate, currently priced at 4.74%.
Interest rates range from 3.24% to 4.14% depending on whether you’re a first-time buyer, homemover or remortgager – and on the percentage of the property’s value you want to borrow.
These mortgages guarantee a fixed interest rate for five years. Interest rates range from 3.44% to 3.74% depending on whether you’re a first-time buyer, homemover or remortgager – and on the percentage of the property’s value you want to borrow.Īfter the two-year fixed rate period, homemovers and remortgagers will be transferred onto TSB’s Homeowner Variable Rate, currently priced at 4.74%.įirst-time buyers revert onto the bank’s cheaper Follow-on Tracker Rate, currently priced at 3.74%. These mortgages guarantee a fixed interest rate for two years. Note that, while rates are accurate at time of publication, they are frequently subject to change.įee-paying and non-fee paying fixed rate options are available, while early repayment charges (ERCs) apply to all deals for the length of the term. TSB: Mortgage Rates ReviewĪs of July 2022, TSB offers the following interest rates on its mortgage range. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor.
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