Metro Bank has made rate reductions across its two-year buy-to-let (BTL) product range by 30 basis points while TSB has increased rates on BTL and residential products.

Metro Bank’s lowered rates will also apply to its limited company BTL product which the bank launched earlier this year in July.

The changes include 65% loan-to-value (LTV) two-year fixed rates, which are now available at 3.69% (5% product fee) and 75% LTV two-year fixed rates, which are now available at 3.89% (5% product fee).

Metro Bank director of mortgage distribution Charles Morley says: “We’re excited to introduce these changes to the market today and look forward to hearing from brokers and anyone looking to grow their portfolio or remortgage.”

Meanwhile, TSB has lifted rates by up to 0.25%.

The residential two-year fixed remortgage 0% to 60% LTV has gone up by 0.25% while the two-year fixed first-time buyer and home move 75% to 80% LTV and 85% and 90% LTV by 0.10%.

The lender’s BTL range will also see rates increase on its two- and five-year fixed remortgage products between 0% and 75% LTV by 0.10%