TSB has increased rates, by up to 0.15 percentage points across a limited range of remortgages for homeowners who have a lower loan to value (LTV) ratio on their home.  

The rise will affect a selected range of fixed and tracker rate remortgages.

There has also been an increase of 0.05 percentage points on two year fixed rate mortgages for homebuyers with a deposit of up to 15%.

For homebuyers wanting a three year fixed rate deal, TSB is reducing its rate to 3.64%, and removing the £1,000 cashback offer which is currently only available through TSB Intermediary.

All homeowners who remortgage their home 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. This cashback offer is only available to TSB bank account holders that remortgage with the bank directly and not for those that do so through an intermediary.