TSB Announces Changes to Residential, Buy to Let, and Remortgage Mortgage Rates – What Borrowers Need to Know

TSB Mortgage Rate and Product Updates – September 2025

TSB Bank has announced a range of selected interest rate changes across its mortgage products, taking effect from Wednesday, 3 September 2025. These updates impact customers looking for residential mortgages, buy to let finance, product transfers, and additional borrowing. Learn how these changes could affect your application and determine your next steps for securing the most suitable mortgage deal.

Which TSB Mortgage Products Are Changing?

Key changes that borrowers should be aware of include:

• Residential Mortgages:
  • 2, 3, and 5 Year Fixed House Purchase (0–90% LTV): Rate increase by up to 0.15%
  • 2 Year Fixed Remortgage (0–75% LTV): Rate increase by 0.05%
  • 3 Year Fixed Remortgage (60–75% LTV): Rate increase by 0.10%
  • 5 Year Fixed Remortgage (60–85% LTV): Rate increase by 0.05%
  • Shared Equity/Shared Ownership (House Purchase 0–90% LTV): Up to 0.15% increase
  • Shared Equity/Shared Ownership Remortgage (0–75% LTV): Increase by 0.10%
• Buy to Let Mortgages:
  • 2 and 5 Year Fixed Remortgage (0–75% LTV): Rate increase by 0.10%
• Product Transfers:
  • Residential 2 Year Fixed (60–120% LTV): Rate decrease by up to 0.25% (£995 and £0 fee options)
  • Residential 3 Year Fixed (0–60% LTV): Rate decrease by 0.05% (£1,495 and £995 fee options)
  • Residential 3 Year Fixed (60–80% LTV): Rate decrease by 0.05%
  • Residential 5 Year Fixed (60–75% LTV): Rate decrease by 0.05%
• Additional Borrowing:
  • Residential 2 and 3 Year Fixed (60–80% LTV): Rate decrease by up to 0.15%
  • Residential 5 Year Fixed (60–75% LTV): Rate decrease by 0.05%

For a full and up-to-date list of products being withdrawn or updated, visit TSB’s broker site.

What Do These Rate Changes Mean for Borrowers?

• Higher rates for new residential and buy to let applications may increase your future monthly mortgage payments if not secured before the deadline.
• Lower rates in certain product transfer and additional borrowing products create new opportunities for existing TSB mortgage holders to save during remortgage or further borrowing.
• If you are mid-application, ensure all documents are submitted before the deadline to avoid missing out on current rates.

Who Benefits Most?

• First-time buyers: Act quickly to secure existing lower rates on purchase products before they increase.
• Remortgagers and those seeking additional borrowing: Take advantage of recently reduced fixed rates available for product transfers and further advance options.
• Landlords with buy to let remortgages: Should consider alternative deals if current TSB rates are set to rise.

TSB Mortgage Criteria and Lending Policy Highlights

• Generous criteria for residential borrowers:
  • Certain deductions on payslips, such as pension contributions, aren’t required as a declared commitment.
  • Concessionary purchases accepted, e.g. buying from immediate family members or from your landlord, making it easier for tenants or family members to acquire a property.

TSB Promotions and Unique Features

• Fast Application Processing: Secure your rate by submitting all required documents promptly, as withdrawn products are not available after the deadline.
• Referral Promotion: Refer a friend through Deal Direct Financial Solutions and receive a £30 Amazon voucher if they proceed with their mortgage.
• Daily Updated Best Buys: Access all lender products and leading rates through Deal Direct’s website.

Why Choose TSB for Your Mortgage?

• Wide range of options for both residential and buy to let applicants, including those with specialist scenarios.
• Recent criteria flexibility, including buying from family or landlord.
• Competitive fixed and tracker rates, plus options for shared equity and shared ownership purchasers.
• Continued rate reductions for existing customers looking for product transfers or further advances.

Next Steps – Get Expert, Independent Mortgage Advice

With TSB’s product changes taking effect, acting quickly is crucial if you wish to secure the best possible rate for your circumstances. Delays in submitting documentation may risk missing preferred rates. For help reviewing your options and a fast, professional application process, contact our qualified advisers on 02392 006428 or enquire online today. Our team can help you see the full market and suggest alternatives if TSB’s new rates don’t match your goals.

Frequently Asked Questions (FAQ)

• Who qualifies for TSB’s current mortgage products?
  Eligibility depends on income, credit status, and property type. Specialist products are available for first-time buyers, remortgages, shared equity, and buy to let customers. Check specific criteria or contact us for a review.
• How do these rate changes impact my monthly payments?
  Higher rates mean increased monthly repayments for new applications. Conversely, rate reductions offer opportunities to save on remortgage or additional borrowing products.
• Is TSB suitable for my circumstances (e.g., landlord, buying from family)?
  TSB provides flexible lending, including accepting purchases from family or landlords and offering both residential and buy to let products.
• How can I apply or secure a rate before the deadline?
  Submit your application and required documents promptly. Contact our advisers for step-by-step support to maximise your chances of securing the best deal.
• Can TSB work with debt consolidation or home improvements?
  Yes. Further advance and remortgage products can be used for debt consolidation or home improvement purposes, subject to criteria.