TSB has reduced rates on selected existing customer products.
Within the lender’s product transfer range, interest rates for the one-year residential fixed products between 0% and 75% Loan-to-Value (LTV) have been reduced by 0.25% and the two-year fixed interest rates between 90% and 120% LTV have been reduced by 0.10%.
In addition, the three-year fixed rates between 0% and 75% LTV and the 80% and 85% LTV have both been reduced by 0.05%, while the five-year fixed rates between 90% and 120% LTV have been reduced by 0.15%.
TSB has also reduced its one-year buy-to-let (BTL) fixed rate between 0% and 75% LTV by 0.25%.
Within the additional loan range, residential three-year fixed products with an LTV from 0% to 75% have been reduced by 0.05%.
Meanwhile, Shawbrook has cut rates on its BTL product transfer range by as much as 30 basis points.
For single rentals, rates now start from 5.69% and for multi-occupant houses and multi-unit blocks on freehold land, rates start from 5.89%.
Earlier today, Kensington announced it had reduced rates on its Resi 12 and Resi 6 product ranges, aimed at customers with more complex credit files.