TSB has applied a number of changes to its residential and buy-to-let ranges today.

Highlights include rate reductions of up to 0.15% for two and five-year fixed residential purchase mortgages – applicable for loans to value ranging between 75% and 85%.

This takes the new two-year 75-80% LTV rate down to 4.49% with a £995 fee and 4.99% fee free. Meanwhile the new five-year fixed-rate is 4.29% with a £995 fee at 75-80% LTV. The fee free option has a new rate of 4.64%.

Remortgage rates have been reduced by up to 0.25% at all LTVs up to 75% on the two-year fixed product. New rates range from 4.19% to 4.64% depending on the product, LTV, fees and cashback options.

For landlords there are cuts up to 0.20% on the two-year fixed BTL remortgage rates, also available up to 75% LTV. Here new rates range from 4.79% to 5.44%, also depending on the various product options.