"The mortgage market is currently very competitive as borrowers come off existing fixed rate deals."
Products are now available at 2.49% with a £995 fee or 2.54% fee-free.
Alongside the changes, TSB has also introduced a new five-year fixed rate remortgage product, available at 1.49% up to 60% LTV with a £1,495 fee and free legals or £300 cashback.
Nick Smith, TSB’s head of mortgages, said: “The mortgage market is currently very competitive as borrowers come off existing fixed rate deals.
"Due to an increase in demand for longer term fixed rate products, particularly at the lower LTV end of the spectrum, we have introduced this new five-year remortgage deal. We expect it to be very popular.”
