• Two year fixed rate mortgages

    For current customers looking to transfer to a new deal.

    Fixed rate mortgages have monthly payments that do not change during a set time. This could help you to budget, as repayments will not go up or down.

    Your home may be repossessed if you do not keep up repayments on your mortgage.
    • Mortgage payments stay the same during the fixed-rate period so they're easier to manage.
    • Available if you're an existing mortgage customer transferring to a new deal.
    • Loans are available up to 120% of your home's value.

  • iconAsk us a question

  • iconThree ways to apply

    Call us 8am-8pm Monday to Friday
    9am-4pm Saturday

    Start your application online
  • Compare our two year fixed rate deals

    Mortgage deals often change - this table is updated with our latest ones, but these may not be available by the time you apply. Our Mortgage Advisors will discuss the best deals available to you when you apply.

  • Special offersInitial rateProduct feeThis reverts toThe overall cost for comparison isOther information
    Borrowing up to 60% of your home's value.
    No product or mortgage account fee.2.43% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%3.8% APRFor loans between £500,000 and £7,500,000.
    No product or mortgage account fee.2.53% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%3.8% APRFor loans between £150,000 and £499,000.
    No product or mortgage account fee.2.63% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%3.9% APRFor loans between £0 and £149,000.
    Borrowing between 60% and 75% of your home's value
    No product or mortgage account fee.2.83% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%3.9% APRFor loans between £0 and £149,000.
    No product or mortgage account fee.2.73% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%3.9% APRFor loans between £150,000 and £499,000.
    No product or mortgage account fee.2.63% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%3.9% APRFor loans between £500,000 and £7,500,000.
    Borrowing between 75% and 80% of your home's value
    No product or mortgage account fee.3.13% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%4.0% APRFor loans between £0 and £149,000.
    No product or mortgage account fee.3.03% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%3.9% APRFor loans between £150,000 and £499,999.
    No product or mortgage account fee.2.93% fixed until 31 January 2017£0Homeowner Variable Rate, currently 3.99%3.9% APRFor loans between £500,000 and £7,500,000.

  • Fees and charges

    • 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.
  • There are a number of one-off fees that may apply when you arrange a mortgage with us. Your TSB Mortgage Advisor will explain which apply to your mortgage.

    FeeCostSummary
    Valuation feeDepends on your property value

    See fees details based on your property value

    If you repay your mortgage (or more than 10% in any year) during the fixed rate period, an early repayment charge 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 this concession 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, as shown in the tables below.

    Repayment periodCharge (% of amount repaid or changed)
    Before 31/01/20163%
    31/01/2016 - 31/01/20171%

    Whether you can have a mortgage and the amount you can borrow will come down to what we think is a sensible amount to lend you and what we agree you can afford. To help us make a decision, we'll take a number of things into account.

    Your income - you'll need to confirm this by showing us payslips, bank statements and/or HM Revenue and Customs documents.

    Your outgoings - it's also important to think about your other financial commitments, and consider what effect future interest rate rises could have on your finances. This is to help guard against your mortgage becoming unmanageable. We will not agree a mortgage if there is any indication that you cannot afford it or keep up the payments.

    Your age - you must be at least 18 years old to apply. Only your retirement income will be considered if you want your mortgage to go past your planned or state retirement age.

    Records of previous loans or credit - we'll ask for your consent to search the information held about you and your financial arrangements held by credit reference agencies. This can include information passed on by banks and other financial service companies, as well as publicly available information such as the electoral roll. We'll use a credit reference agency and fraud prevention agencies to help assess your application.

    The value of the property - limits apply to the maximum we will lend depending on the type of mortgage and property. This is detailed on the mortgage rate table above.

    There are two ways to repay the money you have borrowed - on an interest-only or a repayment basis.

    With an interest-only mortgage, you'll only pay the interest on your loan amount each month. At the end of the mortgage term - usually 25 years - you'll still owe the capital, which is the amount you initially borrowed, so you'll need to have a plan in place to pay this off at the end of the term.

    With a repayment mortgage, each monthly repayment pays off part of the capital as well as the interest, so your mortgage will be repaid in full at the end, as long as you keep up the repayments.

    The monthly payments for a repayment mortgage are higher than for an interest-only mortgage, but this doesn't mean that interest-only is a cheaper option or that it'll help you afford a bigger mortgage. You'll also need to have a way of paying back the capital, so this needs to be taken into account when you work out what you can afford.

    You can repay your mortgage over a term that suits you - from 1 to 40 years - although we only usually consider a mortgage term that ends before you reach 75. If your loan carries an early repayment charge, you won't be able to choose a term that finishes before the early repayment charge period.

    Within six months of your mortgage starting:

    • You can't apply to borrow more
    • You can't 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.
  • iconLet our experts guide you

    Whether you start your application online, on the phone or in person at your local TSB branch, you'll speak to one of our expert mortgage advisors who'll take you through the rest of your application.

    Our mortgage advisors have a great deal of experience and are fully qualified to give you the suitable advice and guidance at a time to suit you.

    Read our guide to buying your first home

  • iconHow we decide on your mortgage

    How much you can borrow depends on what we think is a sensible amount to lend you and what we agree you can afford. Things we'll take into account include:

    • Your income
    • Your age
    • Your outgoings
    • Records of previous loans or credit

    Learn more about mortgage decisions

  • iconWhat happens next?

    Once we've accepted your full application we'll take the following steps to set up your mortgage:

    • We issue your mortgage pack (key information and terms)
    • We process your application
    • We arrange for the property to be valued
    • Your mortgage offer is issued
    • Your mortgage completes
    • Your first payment is made

    Read about the application process

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