TSB has cut rates on a wide range of products including reductions of up to 0.35 percentage points on shared equity deals.

On standard residential product transfers rates have reduced by as much as 0.2 percentage points in some loan-to-value tiers.

Highlights in the affordable housing range include:

• The re-introduction of some shared ownership and shared equity products up to 80 per cent LTV.
• Rates reduced by 0.35 percentage points on a two-year fixed shared ownership remortgage at 60 per cent LTV, which is now 1.49 per cent with a £995 fee or 1.79 per cent with no fee.
• Shared equity five-year fix for house purchase at 60 per cent LTV reduced by 0.3 percentage points to 1.64 per cent with a £995 fee.
• Further cuts to shared ownership and shared equity products.

In the standard residential range, highlights include:

• Two-year fixed rate product transfer at 75 per cent LTV cut by 0.2 percentage points to 1.49 per cent with no fee.
• Further cuts to rate switch deals

In the buy-to-let range, highlights include:

• Three-year fixed for house purchase at 60 per cent LTV reduced by 0.2 percentage points to 1.89 per cent with no fee.
• Two-year fixed for house purchase at 60 per cent LTV reduced by 0.2 percentage points to 1.84 per cent with no fee.
• Further cuts to purchase, remortgage and product transfer deals.

TSB head of intermediary mortgages Beverley Bradford says: “The market has changed considerably in the last few weeks and we’re now seeing it spring back, particularly as estate agents are opening and there will be more physical valuations and so more customers are in need of a variety of products that suit their needs.

“We know these changes will also offer some peace of mind to our customers and help more people borrow well.”