TSB has reduced its the interest rate on the Fix and Flex mortgage to 3.14%, from 3.44%, for those taking out a 60% loan to value mortgage.

Fix and Flex offers the reassurance of a fixed rate over 10 years with the flexibility to leave after five without having to pay an early repayment charge.

The cost for comparison is 3.5% and the early repayment charge date is 30/04/20.