Whether you’re a first-time landlord or expanding your property portfolio, our buy-to-let mortgage helps you or your business buy a property that you rent out to other tenants.
We have various types of buy-to-let mortgages available, including fixed-rate and tracker-rate mortgages. We can also give you a lending decision upfront, subject to the valuation, suitability, and rental potential of the place you want to buy.
- Borrow up to 80% of the property's value (80% for new build houses and bungalows and 75% for new build flats and maisonettes)
- Borrow from £25,005 up to £1 million
- Take out up to three TSB buy-to-let mortgages to a total value of £2 million
- Get a lending decision in principle before you've found your property
- Customers purchasing a new buy-to-let property receive a free basic valuation
- Customers switching their buy-to-let mortgage to us will receive a free basic valuation and standard legals*
TSB buy-to-let mortgages are not regulated by the Financial Conduct Authority.
Our mortgage rates
Our mortgage calculator makes it easy to quickly compare mortgage rates. Enter some details about your home to see what mortgage rates we could offer you.
Or, to see all our current rates, download our buy to let deals document.
Types of buy-to-let mortgages
There are various types of mortgages, such as a fixed-rate or tracker-rate mortgage. You can read below to find out about these. At TSB we offer both fixed rate and tracker rate buy-to-let mortgages.
Fixed-rate mortgage
With the fixed-rate buy-to-let mortgage, your interest rate will remain the same for a set period, such as 5 or 10 years. 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 entire length of the deal. However, if you switch away from the mortgage before the fixed-rate period ends, you can be charged early repayment charges. Initial rates for fixed-rate mortgages also tend to be higher than tracker-rate or variable-rate mortgages. You can find out more about the fixed-rate buy-to-let mortgages we offer below.
Tracker rate mortgage
With a tracker rate mortgage, the lender sets the pricing which will be a margin above Bank of England base rate (BBR) at that time. As the base rate increases or decreases, so does the interest rate on your mortgage. As the interest rates drop, your monthly payments will too. However, if the rates increase, you need to make sure your budget can cover these higher monthly repayments. Early repayment charges will sometimes apply if you switch away from the mortgage before the tracker deal period ends.
Buy-to-let mortgages FAQs
Things to consider
As part of TSB’s policy, did you know you:
- Must be at least 25 years old to apply for a buy-to-let mortgage
- Can apply for a mortgage on your own for a joint mortgage
- Can get an agreement in principle before you've found the place you want to buy
- We will lend to landlords with a maximum of 3 mortgaged buy-to-let properties, either with TSB or other lenders
- Buy-to-let is not available for first time buyers
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+.
