Both its 2-year fixed and tracker house purchase mortgage up to 75% LTV and its 2-year fixed and tracker remortgage up to 60% LTV have had their rates cut by 0.20%.

Nick Smith, head of mortgages at TSB, said: “There is a lot of activity in the buy-to-let market at the moment, so these reductions will prove to be very attractive to either those landlords who are thinking of switching their mortgages, or those who are considering entering the market, perhaps for the first time.”