"We intend to grow our mortgage lending less quickly over the coming months by trimming back some of the products we offer."
Last month, the Bank temporarily withdrew two-year fixed rate residential purchase mortgages between 85-95% LTV, citing preparations for the launch of its new banking platform.
A TSB spokesperson said: “As we prepare to migrate to our new, state-of-the-art banking platform later this year, continuing to deliver excellent service to brokers and customers is really important to us.
“In order to do this, we intend to grow our mortgage lending less quickly over the coming months by trimming back some of the products we offer. However, we expect to reverse this slowdown as we reach the end of 2017 and move into 2018."
TSB has today reduced its five-year fixed rate at 60-75% LTV by 0.10% for residential remortgage borrowers, with rates now available at 1.79% with a £995 fee.
Roland McCormack, Mortgage Distribution Director, said: “The interest rate reduction on our five-year fixed rate remortgage product is a welcome step for those looking to fix their monthly payments for a longer period of time. TSB is committed to helping people to borrow well and this rate reduction is an example of us doing exactly that.”
