"The launch of our new products offers homeowners even more choice at TSB, helping even more people borrow well."
The products seeing the biggest cuts include two-year fixes at 80-90% LTV, which now start from 2.94%.
TSB has also cut rates on a range of mortgage products from homemovers and remortgagees, as well as expanding its affordable housing offering to include new mortgages with low rates and no product fees.
TSB’s new affordable housing five-year fixed rate products start from 2.79% with no product fee, or 2.54% with a product fee of £995.
Two-year fixes in the affordable housing range are available from 2.39% with no product fee, or 1.99% with a product fee of £995.
Roland McCormack, TSB Mortgage Distribution Director, said: “Today’s rate reductions maintain TSB’s position as a competitive lender across the market, with our signature outstanding broker service. The launch of our new products offers homeowners even more choice at TSB, helping even more people borrow well.”