TSB has increased its maximum loan to income (LTI) multiple for new build properties. 

An employed customer earning £75,000pa, purchasing a new build property up to 90% loan-to-value (LTV) could get a maximum LTI of 5.50 times income. 

It has also lowered the income threshold for its maximum LTI of 5.50 times income to £75k to £100k for its mainstream residential lending. 

Meanwhile, it has made rate reductions of up to 0.15%. 

A two-year fixed first-time buyer and home mover 0% to 75% LTV rate has been reduced by up to 0.10%, while a two-year fixed first-time buyer and home mover 90% to 95% LTV rate has been lowered by 0.10%. 

The lender has also reintroduced five-year fixed first-time buyer and home mover 90% to 95% LTV products. 

Two- and five-year fixed remortgage 0% to 75% LTV rates have been reduced by up to 0.15% and 0.10%, respectively.