TSB has cut rates on several residential loans today (29 June), which features the lender offering a sub 60% loan to value remortgage at 0.94% for a two-year fixed rate.

The deal covers loan sizes from £5,000 to £1m, and carries early repayment charges.

Private Finance associate director and mortgage consultant Chris Skyes says: “We feel this product will be hugely popular and may even not be around for long as TSB need to manage their split of business and their processing for all LTVs, they will get a lot of business on this product.”

Other highlights offered by the lender include:

A five-year fixed-rate first-time buyer and house purchase mortgage at 60% to 75% loan to value is now 1.34%, down by 0.50%, with a £995 fee. Early repayment charges apply.

A five-year fixed-rate first-time buyer and house purchase mortgage at 60% to 75% LTV is now 1.79, down by 0.30%, with no fee. Early repayment charges apply.

A five-year fixed-rate first-time buyer and house purchase mortgage at up to 60% LTV is now 1.09%, reduced by 0.30%, with a £995 fee. Early repayment charges apply.

And a five-year fixed-rate first-time buyer and house purchase mortgage at up to 60% LTV is now 1.54%, reduced by 0.15%, with no fee. Early repayment charges apply.

It has also withdrawn two and five-year fixed-rate remortgage deals at up to 75% LTV, with a £1,495 fee. Early repayment charges apply.