Taking your first step on the property ladder is an exciting experience, but we know it can sometimes be overwhelming.
That’s why we’ve designed a new range of mortgages just for first time buyers like you, which could let you borrow the amount you need so you don’t have to compromise on your property ‘must-haves’— that cosy kitchen diner or maybe an extra bedroom.
Take a look at our mortgage calculator to see if we can help you get the home you really want.
Find out how much I can borrow
Find out how much we could lend you as well as how much your monthly repayments might be.
These monthly payments are estimated based on the information you provide and will not take into account any mortgage fees and charges that may also be incurred and need to be paid.
At TSB we are very mindful of the environmental impact of moving home and how it affects carbon dioxide (CO2) emissions. For every residential house move that we provide a mortgage for, we pledge to plant a tree to help offset the carbon footprint of the move. To find out more you can visit www.eforests.co.uk/tsb
Learn about Stamp Duty Land Tax and understand how to calculate it with our complete Stamp Duty Guide
The 2 year tracker rate you’re free to leave at any time without paying an Early Repayment Charge. This rate tracks the Bank of England Base Rate (BBR), so your monthly repayments could go up or down depending on how the BBR moves.
Must be at least 18 years old to apply for a mortgage
Can apply for a mortgage on your own, even for a joint mortgage application
Can get an agreement in principle before you've found the place you want to buy
Lending limits are subject to the availability of suitable products at any given time and the ability to undertake either an Automated or Desktop Valuation whilst it is not possible for valuers to gain access to properties
How to apply
We need to talk you through your mortgage application, but you can save time by starting the process online. It'll take about 20 minutes, and then one of our mortgage experts will call you back at a time to suit you to complete the process. Or you can call us and speak to an advisor directly, or book an appointment to see one of our advisors at your nearest branch.
You'll need to have the following details to hand:
Your last three months' payslips
Your last three months' bank statements if you want any other income to be considered (for example rental or investments) and as a reminder of your outgoings
If you already have an existing mortgage elsewhere, your last year's mortgage statements
If you're applying for an interest-only mortgage, any repayment vehicle details that you want to use (e.g. endowment policy, investments, ISAs)
If you're self-employed, minimum 2 years’ finalised figures
If your mortgage is to extend past your stated or state retirement age, up-to-date forecasts for any state, company and personal pensions
And, if you've already got your heart set on a property, bring along the sales particulars
Details of any loans you currently hold, including student loans and car payments
Request a call back from your local Mortgage Adviser who can arrange a convenient time to discuss your mortgage needs face to face, by phone or via video