TSB has made rate reductions of up to 180 basis points across its residential range and by 80 basis points in its buy-to-let (BTL) selection, with further cuts occurring elsewhere.

These changes come into effect on Friday this week (27 January).

In its residential range, the lender’s headline cuts of 180 basis points take place within the three- and 10-year fixed rate remortgage choices at up to 75% LTV.

Meanwhile, the two- and five-year fixed rates for remortgage at up to 90% LTV have been reduced by up to 65 basis points.

And in its 10-year fix range for house purchase, at up to 75% LTV, cuts of up to 115 basis points have taken place.

Additionally, two-year fixed rates for house purchase at up to 90% LTV and five-year fixes at up to 95% LTV have received reductions of 50 basis points and 55 basis points, respectively.

TSB has also made changes to its affordable housing range. Here, the most significant action is in the five-year fix for Shared Ownership purchase at up to 90% LTV, where rates have been cut by up to 155 basis points.

Two-year fixes for Shared Ownership remortgage at up to 85% LTV have been cut by 40 basis points, meanwhile.

And five-year fixes for Shared Equity purchases at up to 85% LTV have received cuts of up to 120 basis points and two-year fixes for Shared Equity remortgage at up to 80% LTV feature cuts of up to 60 basis points.

In the BTL range, two- and five-year fixes for purchase and remortgage at up to 75% LTV are on the receiving end of up to 80 basis point moves downward.

Elsewhere, product transfers have been cut by up to 115 basis pints and prices for additional borrowing on BTL properties by up to 80 basis points, while residential additional borrowing can boast of cuts of up to 40 basis points.