TSB: products, terms and eligibility

TSB is a UK provider of commercial mortgages and bank lending. The legal entity named on its site is TSB Bank plc, company number SC095237. It is based in Edinburgh. Companies House shows the company was incorporated 1985. It is part of Santander (its site says TSB joined Santander on 30 April 2026).

TSB’s own update page says TSB joined Santander on 30 April 2026. TSB is registered in Scotland (company number SC95237) with its headquarters in Edinburgh. It says it is regulated by the FCA and PRA, and that it does not intend to close further TSB or Santander UK branches before 2028 at the earliest.

Everything on this page comes from what TSB publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

TSB publishes 3 products for UK businesses. The table above gives the amounts and terms as it states them.

• Commercial mortgage: Base-rate or fixed-rate; interest-only available (capital repaid at end of term); can lend up to 70% of property value, in some cases more.
• Fixed Rate Loan: Fixed rate for the length of the loan.

Commercial mortgage

Mortgages from £25,001 with terms up to 25 years and lending up to 70% of property value, in some cases more. TSB takes a first legal charge on the property. Interest-only is available with capital due at the end. Base-rate mortgages have no early repayment penalty; fixed-rate mortgages may carry break costs.

Base Rate Loan

Business loans from £25,001, term 1 to 25 years, interest linked to the Bank of England base rate. Security over an asset, typically property, is usually required from £25,000.

Fixed Rate Loan

Loans of £1,000 to £25,000 or £100,001 to £1,000,000, term 1 to 10 years, with a fixed rate. Break costs apply to early settlement in the fixed period for loans over £25,000. Limited companies must provide a director’s guarantee for secured lending.

TSB says its finance is used for:

• Buying or refinancing commercial property
• Business investment

TSB publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Over 18 and a sole trader, partner or director.
• UK-based business.
• An existing TSB account is needed to apply for a commercial mortgage or business loan.
• Business must be based in England, Scotland or Wales for loans and overdrafts.
• Not available to charities, clubs, societies, associations or public limited companies (loans).
• Business must be trading (loans).

TSB describes its process like this:

1. Contact the Business Banking call centre.
2. State loan amount, purpose and preferred term.
3. Application is assessed.

Information it says it asks for:

• Loan amount, purpose and preferred term

Every application is subject to status and the lender’s own criteria at the time.

A commercial mortgage is a long-term loan secured on business premises or investment property. Lenders look at the property’s value, the deposit, and whether the business’s profits or the rent comfortably cover the repayments.

Banks often lend across several products, from overdrafts to asset finance, and some can offer facilities under government schemes. See government-backed business loans for how those work.

Points TSB publishes that are worth knowing:

• Where property is security, TSB needs first legal charge over it.
• Property given as security, which may include your home, may be repossessed if repayments are not kept up.
• Security and arrangement fees apply.
• Repaying a fixed-rate mortgage early may incur a break cost; there is none on base-rate mortgages.
• Interest-only mortgages require the full capital to be repaid at the end of the term.

Security and guarantees

A first legal charge is taken on commercial mortgage property, which may include a home. Limited companies may need a director’s guarantee on secured loans. Overpayments are allowed; break costs apply to early settlement of fixed-rate loans over £25,000 in the fixed period.

TSB’s site states: “TSB Bank plc. Registered Office: Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH. Registered in Scotland, no. SC95237. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240.”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of commercial mortgages and bank lending with profiles here include YBS Commercial Mortgages, Barclays and OakNorth Bank. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.