TSB has reduced interest rates by up to 0.35 percentage points on mortgages for residential, home purchase and remortgage borrowers.

Changes include:

• Reductions of up to 0.35 percentage points on five-year fixed (0-95% LTV) on its house purchase range
• Further reductions of up to 0.25 percentage points on two-year fixed (0-90% LTV) and up to 0.30 percentage points on five-year fixed (0-90% LTV) for remortgage borrowers
• Reductions of up to 0.20 percentage points have also been made on two-year fixed (0-95% LTV) on its house purchase range.

Nick Smith, TSB’s head of mortgages, said: “The interest rate reduction on our fixed rate house purchase and remortgage products is a welcome step for those looking to fix their monthly payments for a longer period of time.

“TSB is committed to helping people to borrow well and this rate reduction is an example of us doing exactly that.”

TSB is also reintroducing its three-year fixed house purchase and remortgage ranges (intermediary only).