The lender has cut rates on five-year fixed residential product transfers by up to 0.15 per cent to start from 5.19 per cent for a deal up to 60 per cent loan to value (LTV) with a £995 fee.  

The 10-year fixed product transfers for residential borrowers have been reduced by up to 0.25 per cent and now begin from 5.09 per cent for a fee-free deal up to 60 per cent LTV. 

Across its additional borrowing range, TSB has reduced buy-to-let two-year tracker rates by 0.4 per cent, and residential two-year tracker rates by 0.3 per cent. Its five-year fixed additional borrowing options for residential borrowers have been lowered by up to 0.15 per cent and the 10-year fixes by up to 0.25 per cent. 

For product transfer, TSB has launched fee-free three-year fixed options with the rate starting at 5.79 per cent for borrowing of up to 60 per cent LTV. 

The provider has also introduced three-year fixed options to its additional borrowing range. 

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The changes apply from 19 September.