Our multi-award winning* buy-to-let mortgages are designed for rental and investment properties.
Our buy-to-let mortgage rates
When choosing a buy-to-let mortgage, rates play a big part in making a decision. To keep things simple, you’ll find all our available rates in the PDF below.
Is a buy-to-let mortgage right for you?
If you’re looking to buy a property, either to rent or as a long term investment, a buy-to-let mortgage could be right for you. We offer both fixed and tracker rates on our buy-to-let mortgages. With TSB, you’ll get a lending decision upfront, subject to the valuation, suitability, and the rental potential of the place you want to buy.
Benefits of a TSB buy to let mortgage:
- Borrowing up to 80% of the property's value (75% for new build flats and maisonettes)
- Mortgage amounts from £25,005 up to £1 million
- You can have up to 3 TSB buy-to-let mortgages with a total value of £2 million
- A free basic valuation if you’re purchasing a new buy-to-let property
- If switching your buy-to-let mortgage to us, you’ll get a free basic valuation and standard legals**
TSB buy-to-let mortgages are not regulated by the Financial Conduct Authority.
*Award winning TSB mortgages
We’ve won What Mortgage Award’s Best Fixed Rate Mortgage Lender’ 6 years in a row now, and their Best Direct Lender’ award for 5. These awards are voted for by customers, highlighting the best providers by the people that use their services.
What you need to apply
Apply for a buy-to-let mortgage
To apply, you need talk to a Mortgage Expert
You can call us on 0800 056 1088 - lines are open Monday to Friday 8:30am to 6pm
Or request a callback over the phone, video chat, or face to face at a time that works for you.
You may be interested in
The TSB Mobile Banking App
You can view and manage your mortgage and chat to our Mortgage Experts in the app.
Fixed or tracker mortgages?
We offer both fixed and tracker mortgages, so you can choose a buy-to-let mortgage that’s right for you.
Mortgage guides
Our helpful guides cover everything from landlord’s checklists to working out your Stamp Duty tax.
Buy-to-let mortgages FAQs
If you own a property that you are not living in and would like to rent it out to tenants, then you will need a buy-to-let mortgage to rent it out. It could be classed as mortgage fraud if you rent out a property without a buy-to-let mortgage. You can change your mortgage to a buy-to-let or apply for a consent to let.
If, you have made all your mortgage repayments and own the property, you can rent it out to tenants.
Permission to let gives you permission from your lender to let out your home on a residential mortgage for a specified time. You may need to apply for consent to let if you’re moving into a new property but can’t sell yours.
Your lender can refuse your application for consent to let. If they accept your application, they can charge you. If your application is granted, you’ll still need to take out landlord insurance and ensure the property is habitable for tenants.
Existing TSB mortgage customers can find more information about buy-to-let or consent to let on our dedicated page.
It will depend on the lender’s criteria whether you can let a home on a buy-to-let mortgage to a family member. Family members can be deemed as higher-risk tenants when it comes to rent payments.
Often, the deposit for buy-to-let mortgages is more than a residential mortgage deposit. This is to protect the lender in the event the landlord defaults on their payments, due to issues with collecting rent from tenants.
The deposit for a buy-to-let mortgage is often between 20-40% of the property's value.
How much you can borrow for a buy-to-let mortgage will depend on how much rental income you plan to receive from tenants. Generally, lenders suggest the monthly rental income you receive should be at least 25% more than your monthly mortgage payments. This way, as a landlord you can cover costs like insurance, repairs, and agent’s fees.
It’s important you estimate what you’ll need to spend on the property each year, as well as account for any time the property will be vacant where you won’t be receiving rental payments.
Important information
**Free standard legals are provided through TSB's nominated firms of conveyancer. Additional services such as change of name, transfer of equity, deed of postponement, any additional costs in relation to leasehold properties, acting in or discharging Help to Buy arrangements. This information must be given directly to the acting Conveyancer. Our nominated firms of conveyancers will not act for remortgage customers where additional funds are raised to simultaneously extend the lease or for remortgages which involve acting in or discharging shared equity or shared ownership arrangements.
Lending is subject to status and lending criteria, UK resident and 18+.
