Residential Buy-to-Let Mortgage

If you would like to grow your capital and rental income by extending your property portfolio then our Residential Buy-to-Let Mortgage could suit your needs.

Features and benefits

A commercial mortgage from TSB is an ideal way of purchasing or remortgaging commercial property.

  • Interest rate reduced by 1% as part of the Funding for Lending Scheme*

  • Mortgages start from £25,001

  • You can choose a mortgage term from 3 to 25 years

  • We can lend up to 70% of the value of the property, and in some cases more

  • Bank rate linked and fixed rates** are available

  • For a bank rate linked mortgage you can apply for a capital repayment holiday of up to 12 months (to be taken at the start of the mortgage).

  • If you choose a fixed rate**, your repayments will remain the same even if bank rate rises or falls

  • If you repay part or all of your fixed rate** mortgage before the end of the agreed term there may be a break cost***. There is no early break cost*** for bank rate linked mortgage

  • If you wish to borrow on other terms we may still be able to help you

  • An arrangement fee will apply, up to 1.5%****

  • Security fees are applicable

Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.
You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
**There is always a possibility that interest rates may go down leaving a fixed rate mortgage at a higher level compared to a variable rate mortgage. However, if interest rates rise, a fixed rate mortgage will remain at the same rate.
***A break cost may be applied to any fixed rate mortgage over £25,000, on any early or partial/full repayment of the mortgage. This could be substantial depending on the interest rate at the time.
****An arrangement fee will apply and is related to the amount you choose to borrow. These terms will be discussed with you before you take out the loan. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5%

 

Before you apply

To apply for a business loan from TSB you will need to confirm the following:

  • Check you are eligible
  • You are a sole trader, partner or director
  • You are aged 18 or over
  • You require the account for business use
 

Please view our  Finance Application Checklist (PDF)

 

Have this information to hand

  • How much you would like to borrow
  • The purpose of the finance
  • How many months you would like to make the repayments over
 

More information

Tell us about your plans and needs, and we will then agree the interest rate with you. An arrangement fee, security and valuation charges will apply.

*TSB is a market participant of the Bank of England’s Sterling Monetary framework (SMF) and as such is eligible to apply for usage of the Bank’s operations in the sterling money markets, which includes the Funding for Lending Scheme (FLS).

For interest only, the actual amount borrowed doesn’t reduce during the life of the mortgage so you need to repay the full capital amount at the end of the mortgage term.

We will require a first legal charge over the property as security. This means if you are remortgaging an existing property, any loan secured on it must normally be repaid before completion. 

 

Find out more and apply

Call us
Monday to Friday 7am to
8pm, Saturday, 9am to 2pm
Existing customers
0345 835 3858 
 
New customers
0345 835 3858 
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