TSB Bank has cut two-year fixed and two-year tracker mortgage rates for home movers, first-time buyers and remortgage customers.

The reductions range between 0.05bps and 0.25bps.

The new rates include a two-year fixed rate 1.89% at 60-75% LTV for first-time buyers, a two-year fixed rate 1.34% at 60-75% LTV for home movers, and a two-year tracker 1.14% at 0-60% LTV for remortgage customers.

Roland McCormack, TSB mortgage distribution director, said: “Just a week after we launched our best ever five-year remortgage rate, we’re further helping borrowers by reducing rates across our two-year fixed rate mortgages and two-year tracker mortgages.

“This shows yet again how we are supporting homeowners to borrow well, whether you’re looking to get on the housing ladder or already have your own home.”