TSB has changed the rates on its two and five-year fixed rate mortgages, two-year trackers for homemovers and its five year-fixed rates for remortgagees.

Rates will increase by 0.05 percentage points across these mortgages for those that have a lower loan to value (LTV) ratio on their home.

On new house purchases, TSB is increasing rates for people with a lower LTV (up to 60%) across its two and five-year fixed rate mortgages. Rates now start at 1.54% for homemovers on a two-year fix.

Homemovers looking to benefit from the Bank of England Base Rate will now see two-year trackers, for 0-60% LTV, increase to 1.34% with a £1,995 fee and 1.79% with no fee.

For those remortgaging their existing home, TSB is increasing the rate on 0-60% and 60-75% LTV remortgages on its five-year fixed rate product. Those looking to transfer to a new TSB mortgage when their previous one ends will see rates starting from 2.39%.

All homeowners who remortgage their property with TSB can still benefit from a free valuation and the Bank will also cover the standard legal costs. Customers with a TSB bank account can also benefit from a £150 cashback when remortgaging with TSB.