TSB’s two-year fixed rates for shared ownership and shared equity borrowers have been reduced by between 0.20 and 0.25 percentage points.

Shared ownership and shared equity borrowers can also now take out a new two-year fixed rate mortgage with no fee, with rates starting from 1.99% for home movers with a 25% or more deposit.

New two-year fixed rates with a £995 fee have been introduced for buy-to-let borrowers looking to either purchase a property or remortgage an existing one. Rates start from 1.79% for house purchasers with a 40% deposit.

TSB’s house purchase and remortgage range is also being updated, with a series of rate changes to selected two-year, three-year and five-year fixed rate mortgages.