Moving home

Moving home is an exciting time and we want to ensure the mortgage aspect is as straightforward as possible so you can focus on the good bits. We have a wide range of mortgages, so whatever stage you're at we could help you find a TSB mortgage to suit you.

What Mortgage? Awards Best Fixed Rate Mortgage Lender 2023 What Mortgage? Awards Best Direct Mortgage Lender 2023


Buying your first home? Find out about our deals for first time buyers.

Help with moving home

You've made the decision to move but there are still lots of things to think about - from searching for your new home to working out how much you can afford to spend and what sort of mortgage will suit you best. We've put together a simple guide to help you.

Read our home movers guide

Environmental Impact

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

Home insurance

Don’t forget buildings cover before you exchange contracts.

Find out more

Must be aged 18+ and UK resident only.

How to apply

If you are a first time buyer, home mover or looking to remortgage, you can start your application online and a qualified Mortgage Adviser will give you a call to go through the details

Subject to status and lending criteria 

Request a call back from a Mortgage Expert who can arrange a convenient time to discuss your mortgage needs, or you can get in touch via our live chat facility.

Find out what information you’ll need to have to hand

To talk to us about a new mortgage, call us on
0800 056 1088

Lines are open Monday to Friday 8am to 8pm and 9am to 2pm on Saturday.

Mortgage calculator

Get an indication of how much your mortgage repayments will be.

Stamp Duty

Learn about Stamp Duty Land Tax and understand how to calculate it with our complete Stamp Duty Guide.

Mortgage deals for home movers

2 year fixed rate

Your payments will stay the same each month for the agreed period with a 2 year fixed rate.

View details and start application

2 year tracker

The 2 year tracker you’re free to leave at any time. This rate tracks a percentage above the Bank of England Base Rate (BBR), so your monthly repayments will go up or down depending on how the BBR moves.

View details and start application

3 year fixed rate

Your payments will stay the same each month for the agreed period with a 3 year fixed rate.

View details and start application

5 year fixed rate

Your payments will stay the same each month for the agreed period with a 5 year fixed rate.

View details and start application

Planning ahead will help you make progress towards your goals and show lenders that you are prepared, which could make it easier for you to get a mortgage.

Unless you've sorted out your home-buying fund, you will need to start saving, cut down on any borrowing and make sure your credit record is as good as possible.

Build up a solid savings balance:

Mortgage lenders now require a deposit, usually a minimum of 5% of the property price. The more money you can put in as a deposit, the better the mortgage deal you can get. This could mean a lower interest rate.

Reduce your debts:

Most lenders work out how much you can borrow based on your outgoings as well as your income, so it's worth looking at any existing credit agreements you have to see if these can be repaid before applying for the mortgage.

Improve your credit rating:

Your credit rating can have an effect on the mortgage rates available to you. If your rating isn't good, you should take steps now to improve it. Here are some ways you can do this:

Be on the electoral register:

Keep up to date with payments on loans and credit cards.

Check your credit rating with a credit rating agency such as Experian and Equifax to make sure it's accurate.

Remember, any missed or late payments will be reflected on your credit report and could stay there for years, so be sure to keep paying on time, even if it's just the minimum amount. Also make sure you cancel any unused store cards, credit cards and bank accounts.

What can you afford?

The checklist below is quick and easy way to help you work out how much you can afford to spend on your mortgage each month. Subtract your total spending from your total income and the amount left over might give you some idea of how much you could afford for your monthly mortgage payment.

Total - What you earn each month

Minus - What you spend on household commitments each month

Minus - Your everyday spending each month

Minus - Your occasional spending on things like holidays

Total available to spend on your mortgage each month

Extra costs when buying a home:

Moving home is expensive and there are costs that we often forget but could have a real impact on your decisions. You can make things easier by budgeting for them.


You'll need a deposit, usually a minimum of 10% of the property price. Generally the bigger the deposit you have, the better the mortgage deal you can get. This could mean a lower interest rate. So the sooner you can start saving the better. Get started by opening a separate savings account and setting up a monthly standing order.

Arrangement fees:

Many lenders charge an up-front fee for setting up a mortgage.

Mortgage Product Fees:

Most lenders have a selection of mortgages with a product fee on certain deals.

Mortgage valuation:

Most lenders charge a fee for having the property you're buying valued.

Legal searches and fees:

You'll need a solicitor or licensed conveyancer to take care of the legal details.

Higher Lending Charge

If you're borrowing a high percentage of the value of the property, the lender may charge a fee to take out insurance cover. This protects them in case you can't pay back your loan and they have to sell your house at a loss.

Stamp duty

This is a tax on buying property. You can calculate stamp duty based the jurisdiction where the property is located by following the applicable link below.

England and Northern Ireland: Stamp Duty Land Tax

Scotland: Land and Buildings Transaction Tax

Wales: Land Transaction Tax

Removal costs

You may be happy to hire a van and move things yourself. A removals firm will cost more but can make the whole process much less stressful.

Estate agent's fees

If you're also selling a house and decide to use an estate agent, they'll charge commission on the price your house sells for.

Buildings insurance

Don't forget buildings cover before you exchange contracts.

Buy-to-let mortgages FAQ’s

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.

If you are not granted consent to let by your lender, you will need to switch from a residential mortgage to a buy-to-let mortgage. You will need your lender to approve this. If they decline, you can switch to another lender.

If you are the landlord of a buy-to-let property, you cannot live in this property. This would be in breach of the mortgage terms which could result in mortgage fraud.

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.

What is a fixed rate mortgage?

Your interest rate will stay the same for a set period. Many lenders offer fixed rates for two, three or five years, sometimes longer. The benefit of a fixed-rate mortgage is that it helps you to budget more easily, because your interest rate will stay the same for the length of the deal. Early repayment charges will almost always apply if you switch away from the mortgage before the fixed-rate period ends.

Mortgages FAQs

What is a tracker rate mortgage?

With this type of mortgage, the interest rate tracks a rate that is outside the control of the lender, such as the Bank of England bank rate (also known as the base rate). Every time that rate goes up or down, so does the interest rate on your mortgage. Naturally, you will be better off whenever the interest rates drop and your monthly payments will be less. But, you should make sure your budget will allow you to make higher monthly payments if interest rates were to go back up. Early repayment charges will sometimes apply if you switch away from the mortgage before the tracker deal period ends.

Did you know:

  • If you want your mortgage to continue past your planned retirement age, or the age of 70, we may only consider your retirement income.
  • You can apply for a mortgage on your own or for a joint mortgage with a partner or friends
  • You will usually need at least a 5% deposit, although you will need a 15% deposit if you're buying a new build property - that means one that was first occupied less than 6 months ago
  • Lending Limits are subject to the availability of suitable products at any given time

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
  • Your address for the last three years
  • Details of any loans you currently hold, including student loans and car payments