TSB has made changes to its mortgage product range.

It has introduced a new five-year fixed re-mortgage product (0–60% LTV range) with a £1,495 product fee.

TSB has also increased its five-year fixed house purchase mortgage (85 – 90% LTV) by 0.15 percentage points.

Nick Smith, TSB’s head of mortgages, said: “The mortgage market is currently very competitive as borrowers come off existing fixed rate deals.

“Due to an increase in demand for longer term fixed rate products, particularly at the lower LTV end of the spectrum, we have introduced this new five-year remortgage deal.  We expect it to be very popular.”