Tariff of Mortgage Charges

TSB is closely involved in the mortgage industry's initiative with UK Finance and Which? to make our fees and charges easy for you to understand.

Our tariff of charges fully reflects the initiative's good practice principles. This same document is being used across the industry to help customers compare mortgages.

When looking at the fees that other firms charge, you may notice some that don't appear in our tariff (below). This means we don't charge you these fees.

Our charges can change from time to time. If they do, we’ll let you know in advance before any charges become payable.

You can download and print this page by viewing our PDF.

Before your first monthly payment

These are the fees and charges you may have to pay before we transfer your mortgage funds.

Name of charge	What this charge is for	How much is the charge?
Legal fee	You'll normally instruct a solicitor to act on your behalf in connection with your home purchase transaction. You may be required to pay their legal fees and costs as part of their work on your behalf. These fees/costs are normally charged by the solicitor, directly to you unless we tell you that we will contribute to the legal costs as part of your product deal.	These fees/costs are charged by the solictor, directly to you.
Product fee	This is charged on some mortgages as part of the deal. It can be paid upfront or added to the total mortgage amount. If you add it to your mortgage, you'll pay interest on it at the interest rate on your main loan account. It might be a flat fee, or a percentage of the loan amount. At TSB This fee will be refunded if your mortgage application fails or you withdraw it. We provide a range of options, including mortgages that don't have product fees.	Maximum is £1,995 For more information, please visit tsb.co.uk/mortgages and select your type of mortgage.
Valuation fee At TSB we call this a level one mortgage valuation report (a report on the property's condition and market value)	The lender's valuation report, which is used to calculate how much they will lend you. This is separate from any valuation or survey of the property you might want to commission. There are other homebuyers or structural survey options available to you at a cost and there may be different approaches in different parts of the UK. Some mortgages offer free valuations – the product details for your mortgage will tell you if this is the case.	£0 Valuation fees may apply for buy-to-let mortgages and details will be in your mortgage illustration.

Name of charge

What this charge is for

How much is the charge?

Legal fee

You'll normally instruct a solicitor to act on your behalf in connection with your home purchase transaction. You may be required to pay their legal fees and costs as part of their work on your behalf. These fees/costs are normally charged by the solicitor, directly to you unless we tell you that we will contribute to the legal costs as part of your product deal.

These fees/costs are charged by the solictor, directly to you.

Product fee

This is charged on some mortgages as part of the deal. It can be paid upfront or added to the total mortgage amount. If you add it to your mortgage, you'll pay interest on it at the interest rate on your main loan account. It might be a flat fee, or a percentage of the loan amount.
At TSB

This fee will be refunded if your mortgage application fails or you withdraw it.
We provide a range of options, including mortgages that don't have product fees.

Maximum is £1,995
For more information, please visit tsb.co.uk/mortgages and select your type of mortgage.

Valuation fee
At TSB we call this a level one mortgage valuation report (a report on the property's condition and market value)

The lender's valuation report, which is used to calculate how much they will lend you. This is separate from any valuation or survey of the property you might want to commission.

There are other homebuyers or structural survey options available to you at a cost and there may be different approaches in different parts of the UK.

Some mortgages offer free valuations – the product details for your mortgage will tell you if this is the case.

£0

Valuation fees may apply for buy-to-let mortgages and details will be in your mortgage illustration.

If you change your mortgage

Please note if you change to a new mortgage product, the fees under the section 'before your first monthly payment' may also apply at this stage.

Name of charge	What this charge is for	How much is the charge?
Early repayment charge (changing your mortgage).	You may have to pay this if: You overpay more than your mortgage terms allow; You switch mortgage product or lender during a special rate period (for example, while you're on a fixed or tracker interest rate).	The fee will be a percentage of the amount repaid. The percentage reduces during a special rate period becoming 0% at the end of the period. For more information, please visit tsb.co.uk/mortgages and select your type of mortgage.
Change of parties administration fee At TSB we call this the transfer of mortgaged property (or ownership of mortgaged property) charge.	Our administrative costs of adding or removing someone (a 'party') from the mortgage.	£160

Name of charge

What this charge is for

How much is the charge?

Early repayment charge
(changing your mortgage).

You may have to pay this if:

You overpay more than your mortgage terms allow;
You switch mortgage product or lender during a special rate period (for example, while you're on a fixed or tracker interest rate).

The fee will be a percentage of the amount repaid. The percentage reduces during a special rate period becoming 0% at the end of the period.
For more information, please visit tsb.co.uk/mortgages and select your type of mortgage.

Change of parties administration fee
At TSB we call this the transfer of mortgaged property (or ownership of mortgaged property) charge.

Our administrative costs of adding or removing someone (a 'party') from the mortgage.

£160

Ending your mortgage term

Name of charge	What this charge is for	How much is the charge?
Early repayment charge (ending your mortgage).	You may be charged this if you repay your mortgage in full before the mortgage term ends.	This fee will be a percentage of the amount repaid. The percentage reduces during a special rate period becoming 0% at the end of the period. For more information, please visit tsb.co.uk/mortgages and select your type of mortgage.

Additional information for existing customers

You may have to pay a closing administration charge if you entered into your mortgage before 1 August 2007. Details of this fee and when it applies are shown in your annual mortgage statement.

You may have to pay the outstanding amounts on other fees and charges that were applicable at the time you took out your mortgage or were payable at the time an event happened. For example, if you previously fell behind with payments. Outstanding fees are included in the total amount you owe and are shown in your annual mortgage statement.

All charges shown are effective from 6 May 2021.

You can download and print this page by viewing our PDF.