TSB Remortgage Rates 2026

TSB's full 2026 remortgage rate card

TSB publishes separate rate tables for residential remortgage, product transfers and new purchase, and the remortgage card is usually the most aggressively priced of the three because TSB wants to win share from competitors. At 60% LTV — borrowers with at least 40% equity — the 2-year fixed remortgage rate is 4.19% with a £995 fee, 4.44% fee-free, or 4.59% with £500 cashback. The 5-year fixed equivalent is 4.09%, 4.34% and 4.49% across the same fee/cashback combinations. 10-year fixes are 4.39% at 60% LTV, a useful niche for borrowers wanting rate certainty through to 2036. Moving up the LTV bands: at 75% LTV you add roughly 0.10% to the 60% rates. At 80% LTV the pricing is 4.49% (2-year, £995 fee) and 4.39% (5-year, £995 fee). At 85% LTV expect 4.64%/4.54%. At 90% LTV — where many remortgagors with limited equity sit — TSB is pricing 4.94% (2-year) and 4.79% (5-year). TSB doesn't currently offer 95% LTV remortgage deals (those are reserved for purchase and the First Homes scheme). Trackers are priced off Bank Rate (currently 4.25%). TSB offers a 2-year tracker at Base +0.80% (so 5.05% today) with no ERC, and a lifetime tracker at Base +1.05% (5.30%). Both track the Bank of England base rate rather than the bank's own standard variable rate, meaning the rate only changes when the Bank of England changes policy.

Fees, cashback and the real total cost

TSB's standard arrangement fee is £995, which you can add to the loan or pay upfront. Adding it costs you roughly £5 extra per month on a £200,000 loan over 25 years — trivial against the monthly saving a lower rate generates. The cashback option is where TSB gets interesting for smaller loans. At £500 cashback on a £150,000 mortgage, the 'cost' of accepting a 0.15% higher rate for a 5-year fix is about £170/year more in interest — but you've received £500 upfront. Net benefit: roughly £330 over the first year, and you're only down by year 4. For loans below £175,000, TSB's cashback product is often the cheapest total-cost option. Beyond the arrangement fee, TSB charges a £35 CHAPS fee for same-day completion, no exit fee when you leave at the end of your fix, and no valuation fee on most remortgage deals (TSB uses a desktop AVM for loans up to £1 million at ≤85% LTV). The legal fees are covered by TSB's free legal service if you use their conveyancer — a meaningful saving of £300–£500. Overall, TSB's all-in remortgage cost is competitive because of the free legals, not because of the arrangement fee.

How TSB compares to the high-street pack

At 60% LTV, TSB's 5-year fixed rate of 4.09% is within 0.05% of Halifax (4.04%), Nationwide (4.09%) and Santander (4.14%) as of mid-April 2026. On headline rate TSB is competitive but rarely market-leading — it doesn't typically win the best-buy tables. Where TSB pulls ahead is the combination of rate plus free legals plus no valuation fee. On a £200,000 remortgage with £995 fee, TSB's true cost over 5 years (including fee and legal savings of ~£400) is approximately £52,300. Halifax's equivalent at 4.04% with £999 fee and £300 cashback works out at about £51,900 — so Halifax is slightly cheaper, but by less than 1%. For loans under £150,000, TSB's free legals typically tip the balance in its favour. Where TSB definitely wins: speed. TSB's broker proposition is built around fast case completions, and in 2025 the bank reported average offer-to-completion of 18 days for remortgages — among the fastest on the high street. If your current deal is expiring in 6 weeks, TSB is often the safest choice for making the deadline without paying SVR.

TSB criteria and who gets approved

TSB's residential remortgage criteria are mainstream but have a few quirks worth knowing. Income multiples run up to 4.75x for joint applicants earning above £50,000, with a £40,000 floor for the higher multiple. Below that threshold income is usually capped at 4.49x. Self-employed applicants need 2 years of accounts (SA302s and tax year overviews) — TSB uses the lower of net profit or salary+dividends, not the higher figure some lenders use. Credit criteria are on the stricter side of mainstream. TSB will consider applicants with a default up to 3 years old if it's been satisfied and it's not for a financial product (phone contracts are OK, credit card defaults generally are not). CCJs over £500 and bankruptcy within 6 years are almost always declines. Day-one remortgages (less than 6 months since last completion) are considered if there's been a genuine material change (property improvements, inheritance paying down debt). Property criteria are standard: houses up to 200 years old, flats up to 10 storeys (18 storeys in London), no Grade I listed, no ex-local-authority high-rise above 7 storeys, no non-standard construction (concrete, timber frame pre-1990). BTL remortgages go through TSB Intermediary at separate rates — the core TSB residential rate card doesn't apply to buy-to-let.

Should you pick TSB for your 2026 remortgage?

TSB is a strong mainstream choice if you match one of three profiles: (1) you want fast completion and can live with a slightly-above-market rate; (2) your loan size is under £175,000 and the free legal service plus cashback wipes out the rate gap; or (3) you're at 60–75% LTV with a clean profile and want a reliable high-street lender without bells and whistles. TSB is less suitable if: you want the absolute cheapest rate on the market (Halifax or first direct usually have that), you're borrowing over £500,000 (TSB's large-loan pricing isn't as sharp as HSBC or Nationwide), you have any recent credit blips (Halifax or NatWest are more flexible), or you want unusual features like offset, interest-only retirement options or overpayment flexibility above 10% (TSB sticks to the 10% annual allowance with no special features). Bottom line for April 2026: TSB is a solid 'middle of the pack' choice with strong execution speed. Get a broker to compare TSB against Halifax, Nationwide and Santander side-by-side — the winner will depend on your loan size, LTV and how much the free legal service matters to you. For most borrowers at 75% LTV, the four-way gap is under £300 over a five-year fix, so pick the one that feels right on service and completion speed.