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Buy To Let Mortgage Hotline - Call 0117 403 4222

TSB Buy To Let Mortgages

Buy To Let Mortgage Deals Of The Month

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FairMortgages.co.uk has partnered with Royal Bank Of Scotland to bring you some of the best mortgage rates in the market, which is why they say 'YES' to a mortgage every 60 seconds*. It takes just a few minutes to find out if they can help:

Call RBS Buy To Let team: FREE on 0800 096 7962

OPEN 7 DAYS A WEEK
Monday to Friday:  8am to 8pm 
Saturday & Sunday:  9am to 4pm

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Call FREE 0808 271 8482

Top rates for those looking to get a better deal or borrow more:

  • FIXED RATES from 1.69% (4.5% APRC)
  • FAST DECISION
  • LINES OPEN: 7 days a week 8am to 10pm

Call HSBC Buy To Let team FREE on 0808 271 8482 to find out how much you could borrow

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.43%
Rate type: Fixed Oct-2019
Monthly cost: £488.68 per month
Max LTV: 60%
Product fee: £2270.00
Overall cost for comparison: 4.5% APRC
Barclays Bank logo 1.43% Fixed Oct-2019 4.5% APRC 60% £2270.00 £488.68 per month get quotes Call direct0117 313 7780
Initial rate: 1.43%
Rate type: Fixed Oct-2019
Monthly cost: £484.13 per month
Max LTV: 60%
Product fee: £1320.00
Overall cost for comparison: 4.3% APRC
Barclays Bank logo 1.43% Fixed Oct-2019 4.3% APRC 60% £1320.00 £484.13 per month get quotes Call direct0117 313 7780
Initial rate: 1.44%
Rate type: Fixed Jan-2020
Monthly cost: £486.96 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.2% APRC
Santander UK Plc logo 1.44% Fixed Jan-2020 4.2% APRC 60% £1755.00 £486.96 per month get quotes Call direct0117 313 7780
Initial rate: 1.44%
Rate type: Fixed Jan-2020
Monthly cost: £486.96 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.2% APRC
Santander UK Plc logo 1.44% Fixed Jan-2020 4.2% APRC 60% £1755.00 £486.96 per month get quotes Call direct0117 313 7780
Initial rate: 1.44%
Rate type: Fixed Jan-2020
Monthly cost: £486.96 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.2% APRC
Santander UK Plc logo 1.44% Fixed Jan-2020 4.2% APRC 60% £1755.00 £486.96 per month get quotes Call direct0117 313 7780
Initial rate: 1.48%
Rate type: Fixed Oct-2019
Monthly cost: £491.02 per month
Max LTV: 60%
Product fee: £2270.00
Overall cost for comparison: 4.5% APRC
Barclays Bank logo 1.48% Fixed Oct-2019 4.5% APRC 60% £2270.00 £491.02 per month get quotes Call direct0117 313 7780
Initial rate: 1.6%
Rate type: Tracker 2 years
Monthly cost: £496.66 per month
Max LTV: 60%
Product fee: £2270.00
Overall cost for comparison: 4.5% APRC
Barclays Bank logo 1.6% Tracker 2 years 4.5% APRC 60% £2270.00 £496.66 per month get quotes Call direct0117 313 7780
Initial rate: 1.69%
Rate type: Fixed Dec-2019
Monthly cost: £496.22 per month
Max LTV: 60%
Product fee: £1670.00
Overall cost for comparison: 4.3% APRC
BM Solutions logo 1.69% Fixed Dec-2019 4.3% APRC 60% £1670.00 £496.22 per month get quotes Call direct0117 313 7780
Initial rate: 1.69%
Rate type: Fixed Dec-2019
Monthly cost: £496.25 per month
Max LTV: 60%
Product fee: £1061.00
Overall cost for comparison: 4.6% APRC
Skipton BS logo 1.69% Fixed Dec-2019 4.6% APRC 60% £1061.00 £496.25 per month get quotes Call direct0117 313 7780
Initial rate: 1.88%
Rate type: Tracker Feb-2020
Monthly cost: £510.20 per month
Max LTV: 60%
Product fee: £2273.00
Overall cost for comparison: 4.4% APRC
NatWest logo 1.88% Tracker Feb-2020 4.4% APRC 60% £2273.00 £510.20 per month get quotes Call direct0800 056 8572
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

TSB Buy To Let Mortgages

Compare TSB Buy To Let Mortgages

Whether you are a first time landlord or an experienced rental property owner, TSB could help you to get the right buy to let mortgage deal.  Some of the features of TSB buy to let mortgage include:

  • Get a lending decision that is based on your expected rental income only, rather than other factors
  • You can get a standard TSB buy to let mortgage of up to 75% loan to value (LTV). For new build properties you can get a mortgage of up to 65% LTV
  • Borrow from £25,000 up to £1m
  • You can borrow up to £1m on any individual property and you can take out up to three TSB buy to let mortgages as long as the total value doesn’t exceed £2m
  • Flexibility – repay up to 10% of the mortgage balance each year without incurring early repayment charges
  • Mortgages available on terms of 1 to 40 years

Types of buy to let mortgage available from TSB

At the present time you can choose from two different TSB buy to let mortgage:

  • TSB buy to let fixed rate mortgages – these mortgages are available for two years at up to 75% loan to value (LTV).
  • TSB buy to let tracker mortgages – these mortgages are available for two years at up to 75% loan to value (LTV)

You can choose from a repayment buy to let mortgage deal or an interest only buy to let mortgage deal. With a repayment mortgage you will repay some of the capital as well as the interest each month, which means that as long as you keep up with your mortgage repayments, the entire mortgage sum will be repaid at the end of the term. With an interest only mortgage you will only pay interest on your loan each month, but will need to have a plan in place to repay the capital (the full mortgage amount) at the end of the mortgage term.

Changes to buy to let mortgages

Before applying for a buy to let mortgage from TSB, the changes of the buy to let mortgage regulations should be considered.

The Bank of England’s Prudential Regulation Authority amended the regulations in 2017, which resulted in a change in how lenders reviewed buy to let applications 

Stricter Stress Test: From 2017, lenders will implement a stricter income stress test. This means that lenders will take every precaution to ensure that landlords do not fall into arrears on their mortgage repayments. As a result, during a landlord’s application they need to demonstrate that they can make mortgage repayments even in the event that interest rates hit 5.5%.

Review of Entire Portfolio: Landlords can no longer spread equity across their portfolio to cover up a property that does not provide a positive return. This affects the buy to let mortgage application process, as lenders will take an in-depth review of the landlord’s portfolio and if the landlord has one or more properties that are not profitable then a buy to let mortgage will not be granted.

Increased Rental Coverage Ratio: The majority of lenders will require a higher rental coverage ratio than before. Prior to 2017, landlords could receive a buy to let mortgage with a rental coverage ratio of 125%. However, lenders now require a rental coverage ratio of 145% for standard buy to lets and 170% for houses in multiple occupation. It should be noted that lenders will not allow landlords to simply increase the rent by 20% to meet the criteria, as lenders will only accept a rental coverage ratio estimate that is based on a professional surveyor’s valuation. 

Eligibility criteria for a TSB buy to let mortgage deal

In order to take advantage of a buy to let mortgage offer from TSB you will need to meet certain application criteria, some of which include:

  • You will need to be at least 18 years of to apply for a TSB buy to let mortgage
  • You will usually need to be 75 or under at the date the mortgage term ends
  • You can apply for a mortgage between the values of £25,005 and £1m
  • You can apply for a TSB buy to let mortgage either alone or as a joint applicant

To compare TSB buy to let mortgage deals with different leading buy to let mortgage rates and get the most effective deals for you, speak to our mortgage team. We offer a free, whole of market independent mortgage comparison service to help you find the best deal for you. Speak to our specialist team to help you find the right buy to let mortgage option that meets your needs. 

Call 0117 403 4222 or request callback from our mortgage team.

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