TSB has reduced residential mortgage rates on a range of its mortgages with larger deposits or lower loan to value (LTV) ratios. 

For homemovers, first time buyers and people remortgaging, TSB is cutting the rate by up to 0.20 percentage points over two, five and 10-year terms on mortgages up to 85% LTV.

Mortgage Account Fees (MAF) are now waived on the bank’s £0 fee 10-year (10-year ERC) remortgage product, putting £265 back in the customer’s pocket.

However, MAF fees will now apply to the Fix & Flex Homemover and First Time Buyer range.

Meanwhile, TSB’s two-year fixed rate mortgage will increase by 0.25 percentage points with an LTV of 85-90% and 0.10 percentage points for homebuyers with an LTV of 90-95%.