TSB will cut fixed-rate home loans by up to 40 basis points, while Barclays introduces a mixture of rises and reductions across purchase and remortgage deals on Friday (24 May).  

TSB says its cuts cover:  

Residential  

• Two- and five-year first-time buyer and home mover fixes from 75%-95% loan to value, reduced by up to 40bps  
• Three-year FTB and home mover fixes up to 90% LTV, reduced by up to 35bps  
• Reintroduces two-year tracker FTB and home move and remortgage products  
• Two-year remortgage fixes from 75-90% LTV, reduced by up to 25bps  
• Five-year remortgage fixes up to 90% LTV, reduced by up to 20bps  
• Shared ownership rates reduced by up to 40bps  
• Shared equity rates reduced by up to 25bps  

Buy to Let  

• Reintroduces two-year tracker house purchase and remortgage products  

Meanwhile, Barclays lifts rates by up to 30bps and cuts prices by 10bps across selected residential purchase and remortgage rates.  

It changes include:  

Existing product Increases  

Residential  

Purchase only  

• Premier three-year 60% LTV fixes, with a £999 product fee, rise by 25bps to 4.57%  

Remortgage only  

• Great Escape two-year 75% LTV fixes, with no product fee, rise by 25bps to 5.17%  

Purchase and remortgage  

• Two-year 60% LTV fixes, with a £1,999 product fee, rise by 30bps to 4.91%  

Existing Customer Reward range  

Existing product Increases  

Residential  

• EMC Reward two-year 60% LTV fixes, with a £999 product fee, will rise by 15bps to 4.75%  

Residential  

Purchase only  

• Five-year fixes, with a £999 product fee, will fall by 10bps to 4.90%  

The moves come as Halifax and Santander also cut prices on Friday.