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Mortgage rate tables explained
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Personal banking > Mortgages  > Remortgaging > 2-year fixed rates

2-Year Fixed-Rate Remortgages

Features & Benefits

  • Mortgage payments stay the same during the fixed-rate period so they're easier to manage.
  • Free standard legal work on a remortgage when borrowing up to £999,999.
  • Available if you’re moving your mortgage (remortgaging) from another lender.
  • £500 cashback paid on completion of your mortgage if you've got a TSB current account and have £1,000 or more a month paid into it. 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

Mortgage payment options     Mortgage help.

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £200,000 and £1,000,000, up to 60% of your home's value

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
2.29% Fixed until 30 November 2016 3.99% for the remainder of the term 4.0% APR £1,995 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £5,000 and £1,000,000, up to 60% of your home's value

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
2.59% Fixed until 30 November 2016 3.99% for the remainder of the term 3.9% APR £995 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

No mortgage account fee

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £5,000 and £199,999, up to 60% of your home's value

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
2.99% Fixed until 30 November 2016 3.99% for the remainder of the term 3.9% APR £0 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it
No product fee or Mortgage Account Fee

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £200,000 and £1,000,000, between 60% and 75% of your home's value

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
2.49% Fixed until 30 November 2016 3.99% for the remainder of the term 4.0% APR £1,995 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £5,000 and £1,000,000, between 60% and 75% of your home's value

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
2.79% Fixed until 30 November 2016 3.99% for the remainder of the term 4.0% APR £995 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

No mortgage account fee

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £5,000 and £199,999, between 60% and 75% of your home's value

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
3.39% Fixed until 30 November 2016 3.99% for the remainder of the term 4.0% APR £0 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it
No product fee or Mortgage Account Fee

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £5,000 and £1,000,000, between 75% and 80% of your home's value

Repayment basis only

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
2.99% Fixed until 30 November 2016 3.99% for the remainder of the term 4.0% APR £995 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

No mortgage account fee

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £5,000 and £1,000,000, between 75% and 80% of your home's value

Repayment basis only

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
3.49% Fixed until 30 November 2016 3.99% for the remainder of the term 4.0% APR £0 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it
No product fee or Mortgage Account Fee

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £5,000 and £1,000,000, between 80% and 85% of your home's value

Repayment basis only

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
3.44% Fixed until 30 November 2016 3.99% for the remainder of the term 4.1% APR £995 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE                

 

No mortgage account fee

Loans must start by 28 February 2015.
Rates effective from 11 July 2014.
Borrowing between £5,000 and £1,000,000, between 80% and 85% of your home's value

Repayment basis only

Initial Rate Followed by the Homeowner Variable Rate, currently The overall cost for comparison is Product fee Early repayment charges
3.94% Fixed until 30 November 2016 3.99% for the remainder of the term 4.1% APR £0 Yes. Until 30/11/2016

£500 cashback paid directly to your conveyancer on completion if you've got a TSB current account and have £1,000 or more a month paid into it
No product fee or Mortgage Account Fee

Back to top                                                           Start applying for your mortgage. Opens in a new browser window.

 

Mortgage rate tables explained - Rates made clear.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

Fees & charges

  • Options with no product fees.
  • No higher lending charge.
  • As a current concession during the early repayment charge period you can repay up to 10% of the balance each year without the charge applying.

Mortgage fees

Fee
Cost
Summary
Mortgage account fee £265 You may need to pay this fee to cover the setting up, routine maintenance and closing down of the mortgage account. The fee will be paid on completion out of part of your loan but we will not charge interest on this part of the loan.
Options as shown in  mortgage rates.
The rate table(s) show what non-refundable product fee (if any) is payable. Where a product fee applies, you can choose to pay the fee upfront or to add it to your new mortgage.

Once your mortgage starts, if you pay the fee off within 30 days no interest will be charged on it. Or if you want to spread the cost, you can leave it on your mortgage and interest will be charged on it as part of your mortgage.
Free on a standard remortgage between £5,000 and £999,999.
If any non-standard legal work is required, we also offer a fixed-price service for the most common transactions.

Find out more about legal fees.

Your Mortgage Advisor will explain to you what fees apply to your mortgage.

Early repayment charges
If you repay your mortgage (or more than 10% in any year) during the fixed rate period, an  early repayment charges will apply.
As a current concession you can repay up to 10% of the balance (as at 1 January) each year and the charge will not apply (unless you go on to repay or change the rest of the loan within the next six months). We may change or withdraw on giving three months notice.For amounts above 10%, the charge will be a percentage of the amount repaid and varies depending on how long you have left on your fixed rate – see below.

The below table shows charges for the 2.29% up to 60% and the 2.49% 60-75% only.

Repayment period
Charge (% of amount repaid or changed)
Before 01/12/2015
3%
01/12/2015 - 30/11/2016
1.5%

The below table shows charges for all other 2 year fixed rate products.

Repayment period
Charge (% of amount repaid or changed)
Before 01/12/2015
3%
01/12/2015 - 30/11/2016
2%

More about early repayment charges

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Before you apply

Funds can only be reserved when we have your completed application.

Please check the date the mortgage rate is fixed until as, depending on when your mortgage starts, it may not be exactly 2 years - it may be slightly more or slightly less.

When you’re remortgaging to us:

  • You must have owned the property for at least six months by the time your new mortgage starts.
  • If you want to increase your mortgage amount when you are remortgaging, then the most we’ll lend, including any additional amount, is 80% of your home’s value.
  • If you’re borrowing 75% or less of your home’s value, you can arrange your mortgage, or part of it, on an interest-only basis.  Find out more about repaying your mortgage.

After your mortgage starts
Within six months of your mortgage starting:

  • You cannot apply to borrow more.
  • You cannot change the term over which your mortgage is due to run.
  • If you decide to let your property, you must end the mortgage you’ve taken out, paying any early repayment charge that applies, and switch to one of our Buy-to-Let Mortgages.

At the end of your fixed rate period, your mortgage will switch to the  Homeowner Variable Rate, which at that time, could be higher or lower than the rate you will have been paying and may vary over the remaining term of your mortgage.

Annual Percentage Rate (APR)
APR stands for Annual Percentage Rate and takes into account all the costs of a loan – giving you the overall cost for comparison. An APR is calculated in a standard way to allow you to compare different mortgage offers, including those from other lenders. The APR includes important factors such as:

  • the initial interest rate you must pay,
  • how you repay the loan,
  • the full length of the mortgage term, 
  • frequency and timing of mortgage payments,
  • certain fees associated with the mortgage.

It is important to remember that these APRs are calculated using average figures so each individual loan will have slightly different APR. The actual APR that will apply to your mortgage will be calculated when you get a personalised quote.

Things to bear in mind

  • If a product fee applies, it can be added to your mortgage. No interest will be charged if you pay the fee within 30 days of your mortgage starting. If you choose not to pay the fee immediately, interest will be charged as part of your main mortgage, and this will affect your monthly payments.
  • Mortgage deals often change, so if you’re returning to look at a product that you were interested in before, the pages shown are updated with the latest ones available.
  • These mortgages can be withdrawn at any time. Funds can only be reserved when we have your completed application.
  • TSB Bank tracks the Bank of England base rate.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Internet Banking Start online

Start your application and one of our Mortgage Advisors will call you back at a time to suit you, to make sure you’re happy to proceed.

To do this, you’ll need to have the following for all applicants:

  • Income details.
  • Bank account details.
  • Any existing mortgage details.
  • Address details for the last 3 years.
  • Any outstanding financial commitments.

                                                                            Start applying for your mortgage. Opens in a new browser window.

PhoneBank® By phone

If you prefer to talk through your options first, call 0800 056 088*. We're open 8am-8pm Monday to Friday and 9am-2pm on Saturdays. We’re closed on Sundays and Bank Holidays.

At your branch. In branch

Book an appointment at your nearest branch by using our request form. Just select 'Mortgages' first and then 'Book appointment with a Mortgage Advisor. We'll call you back to confirm a day and time that works for you.

Book an appointment. Opens in a new browser window.

If you’re booking an appointment with one of our Mortgage Advisors, it’s useful to take the following with you:

  • Your last three months' payslips.
  • Your last three months' bank statements if you want any other income to be considered e.g. rental or investments.
  • Your last year's mortgage statements.
  • If you’re self-employed, two years' self-assessments.
  • If you’re within five years of your planned retirement age or aged 60 or over, your up-to-date forecasts for any state, company and/or personal pensions.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE