TSB Bank has reduced interest rates by up to 0.10 percentage points on mortgages for home purchase and remortgage borrowers.

Its changes include the following:

• Reductions of up to 0.10 percentage points on two-year fixed (90-95% LTV) on its house purchase range.
• Further reductions of up to 0.10 percentage points on two-year fixed (0-85% LTV) for remortgage borrowers, with free legals.
• Reductions of up to 0.10 percentage points have also been made on two-year fixed (0-85% LTV) on its remortgage range, with £300 cashback and no free legals.

Nick Smith, TSB’s head of mortgages, said: “The interest rate reductions on our fixed rate house purchase and remortgage products offer competitive rates for borrowers with both small and large deposits.

“These changes help us continue to offer peace of mind to those looking to fix their monthly payments for two to five years.”