TSB has reduced selected two-year and five-year fixed rates by up to 0.20 percentage points across its residential mortgage range. 

The rate reductions affect the following mortgages:

• Two-year fixed, 85-95% LTV for house purchase borrowers – rates reduced by 0.10 percentage points
• Five-year fixed, 60-95% LTV for house purchase borrowers – rates reduced by up to 0.10 percentage points
• Five-year fixed, 0-90% LTV for remortgage borrowers – rates reduced by up to 0.20 percentage points

Roland McCormack, TSB’s mortgage distribution director, said: “We always want our customers to borrow well and these rate reductions are good news for people who are buying their own home, or want to get a better mortgage deal with TSB.”