Written by Mark Langshaw Reviewed by Lee Trett
22 July 2026
Lowest rate is currently 4.44% - 26 months tracker interest only mortgage at 60% LTV
16 July 2026
Lowest rate is currently 4.34% - 59 months fixed interest only mortgage at 60% LTV
1 July 2026
Lowest rate is currently 4.34% - 5 years fixed interest only mortgage at 60% LTV
19 June 2026
Lowest rate is currently 4.44% - 2 years tracker interest only mortgage at 60% LTV
16 May 2026
Lowest rate is currently 4.44% - 25 months tracker interest only mortgage at 60% LTV
13 May 2024
First Published
About TSB
TSB is a retail and commercial bank with a history stretching back 200 years. Today, they operate a network of over 220 branches and offer products and services including current accounts, savings accounts, insurance and credit cards, as well as mortgages. TSB were bought by Santander in 2026.
You can compare the latest rates from this lender against more than 90 others by using our free mortgage sourcing tool below:
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A repayment mortgage of over year, APR %. Total payable (incl. product fees of ). Repayments: months at (%), then months at (%, variable). Early repayment charges apply. Rates not guaranteed.
About these rates
Rates shown are illustrative based on the property value, mortgage amount, and term you entered above. Actual rates and total cost depend on your credit profile, deposit, and lender assessment. APR figures include product fees where applicable. Early repayment charges may apply. Rates are not guaranteed and may change before you apply - speak to an adviser to confirm what's available to you today. For a per-product representative example, open Show full details on any card above.
What type of mortgages do TSB offer?
TSB offer a range of mortgages aimed at the following types of customer:
There are exclusive products available for existing customers, people who are purchasing a green property or making eco-friendly home improvements which tend to offer incentives such as cashback. They also accomodate those who are applying through a government scheme, such as Shared Ownership or Right to Buy.
Their range features 2, 3 and 5-year fixed rate mortgages as well as 2-year trackers. There are also 10-year fixes for product transfer and additional borrowing customers.
Interest-only mortgages
TSB offer interest-only as a repayment option as long as the borrower can evidence an acceptable repayment vehicle during the application process.
Repayment vehicles they will approve include:
- Investment ISAs
- Unit Trusts or an OEIC
- Investment bonds
- Stocks and shares
Borrowers can use a combination of different repayment vehicles if they have investments that are spread around, or would struggle to settle the debt with just one.
Lending criteria
The lending criteria for a residential mortgage from TSB is as follows:
- Deposit requirements: Start at 5% of the property’s value but superior rates and deals are available for borrowers who can put down extra.
- Credit history: Will lend to borrowers with some forms of bad credit on their file, such as county court judgements or missed payments, but the most severe issues, including bankruptcies and IVAs, need to have been settled for at least six years.
- Age: The maximum age borrowers can be at the beginning of a TSB mortgage application is 70, or 75 if they are declaring pension income.
- Employment history: Self-employed mortgage applicants will need at least two years’ accounts for the affordability assessment. There are no minimum employment history requirements for applicants in full-time job roles.
What mortgage rates are available?
TSB’s mortgage rates are generally competative with other high street banks and lower than that of specialist lenders, but the quality of the deal you are offered will depend on your LTV, the strength of your application and the type of product you choose.
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How much will TSB let you borrow?
TSB cap their maximum mortgage lending at between 4.25 times annual income and 4.75 times annual income. Their maximum loan amount for a residential mortgage is £1 million.
Does TSB have good reviews for its mortgage services?
TSB currently holds an average rating of 4.0/5 on TrustPilot for all of its products and services. This score is based on feedback from almost 28,000 customers.
The lender also has an average rating of 5/5 on YesCanDo Money, based on 846 reviews, and 4.37/5 on Smart Money People.
Pros and cons
The table below highlights the main advantages and disadvantages of TSB as a mortgage lender to give you an idea of whether they are right for you:
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Advantages |
Disadvantages |
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Long-term fixes available for existing/ remortgage customers |
Higher income multiples available elsewhere |
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Low deposit mortgages available |
Limited longer fix options available to new customers |
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Positive reviews from existing customers |
Limited options for newly self-employed borrowers |
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Options for borrowers who are using a government scheme |
Approval can be difficult with moderate-to-severe bad credit |
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Accept Universal credit as income within their standard mortgage policy |
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Get independent advice about TSB mortgages
There are brokers on our team who have a working relationship with TSB. They know their product range well and can compare them with every competitor across the market on your behalf to help you decide whether they are the perfect fit for you.
Here are just some of the reasons you should use us for your mortgage comparison needs:
- Our mortgage brokers are whole-of-market
- They often have access to exclusive rates and deals
- We are 5-star rated on leading review websites
- Your first consultation is FREE
Ready to see how TSB's latest rates compare to deals from across the and speak to one of our brokers about their products? Get started here.
TSB mortgages are available in Scotland, including the Shetland Islands, Orkney Islands, Outer Hebrides, Inner Hebrides and Clyde Islands, as well as the Scottish mainland.
They do not offer mortgages in Northern Ireland at the time of writing.
Yes. TSB allows its mortgage holders to make overpayments as either a lump sum or monthly instalment. Most of its mortgages allow you to overpay by 10% of the outstanding debt each month without penalty, but some products have a higher cap than this.
Yes. As long as the applicant has 12 months’ contract history, evidencing no gaps in employment of longer than six weeks during that period. They will also need to have at least three months’ remaining on their contract, or be able to present evidence of another contract they have lined up which will keep them in employment for the next three months.
TSB were bought by Santander in 2026, hower, as this is a fairly recent change, it has not yet been decided whether they will operate as separate entities, or a combined lender. If you have a mortgage with TSB, they should be in touch with you to confirm this information, once finalised.