TSB has cut rates across its buy-to-let range by as much as 25 basis points as well as making smaller reductions to a number of residential deals.

The biggest rate cuts are to the lenders fixed rates for landlords borrowing up to 60 per cent loan-to-value.

In this LTV tier, its two-year fixed at 2.04 per cent has come down to 1.79 per cent with a £1,995 fee.

Alternatively, it has two-year fix with a lower £995 fee which has been cut from 2.14 per cent to 1.89 per cent and a fee-free option which dropped from 2.34 per cent to 2.09 per cent.

TSB has also reduced its two-year fixed buy-to-let deals at 75 per cent LTV by 20 basis points, which now start from 2.09 per cent with a £1,995 fee.

Similar cuts have been made to five-year fixes.

It has launched a number of new 10-year fixed rates for landlords, which start from 2.44 per cent with a £1,995 fee for remortgage up to 60 per cent LTV.

Within its residential range, the lender has cut rates by up to 10 basis points on a number of remortgage and purchase deals while raising some others by 5 basis points.

Its fee-free 10-year fixed for purchases has come down from 2.54 per cent to 2.44 per cent at 60 per cent loan-to-value.

The deal carries an early repayment charge for the first five years.

A lower rate of 2.09 per cent with a £995 fee is available with an ERC lasting for the full 10  years.

In its residential remortgage range, have come down by up to 10 basis points, including a 60 per cent LTV deal with a £995 fee and choice of free legals or £300 cashback now starting from 1.39 per cent. 

Fee-free alternatives have been cut to 1.74 per cent.

A five-year fixed rates for purchase at up to 85 per cent LTV have increased by 5 basis points to 1.94 per cent with a £995 fee or 2.19 per cent without.

Five-year fixed rates for remortgage at 85 per cent LTV have also risen by 5 basis points to 1.89 per cent with a £995 fee or 2.19 per cent without.

Head of intermediary mortgages Beverley Bradford says: “We continue to offer some of the most competitive rates on the market and we want to ensure we offer products that suit our customer’s needs. 

“These changes, as well as the introduction of our new 10-year fixed buy to let mortgages, should go some way to offering peace of mind to those looking to fix their monthly payments for any length of time that suit their lifestyle.”