TSB has brought back products at 85 per cent loan-to-value today as well as cutting the cost of selected deals by 15 basis points.

The lender scaled back its high LTV lending during lockdown, but today it is reintroducing a number of residential two, three, five and 10-year fixed rates for borrowers with a 15 per cent deposit.

The new 85 per cent LTV products include a two-year fixed for house purchase at 1.44 per cent with a £995 fee or at 1.79 per cent with no fee.

At the same LTV it has launched a three-year fixed at 1.74 per cent with £995 fee or at 1.94 per cent with no fee.

Alternatively borrowers can fix for five years at 1.84 per cent with a £995 fee or 2.04 per cent without a fee.

In the same LTV tier, borrowers can fix for 10 years at 2.84 per cent with no fee and an early repayment charge that expires after five years.

TSB has cut remortgage rates by 0.15 percentage points on selected deals in the 80 per cent LTV band.

These include a two-year fixed with free legals which is now 1.39 per cent with a £995 fee or 1.74 per cent without.

It has also launched a number standard residential remortgage deals, as well as  shared ownership and shared equity products at 85 per cent LTV including a two-year fixed for house purchase at 2.09 per cent with no fee.

TSB head of intermediary mortgages Beverley Bradford says: “We want to assist our customers as much as we can, particularly during these changing times. 

“These new introductions reflect the needs of our customers particularly those seeking a higher loan size.”