TSB has cut its rates by up to 0.25% on a selected number of mortgage products in an effort to increase their presence in the buy-to-let market by offering more competitive deals.

Fresh products include two-year fixed rates for home movers and remortgage borrowers with rates reduced by between 0.2% and 0.25%.

Meanwhile the three-year fixed rate for home movers and remortgage borrowers has been cut between 0.1% and 0.15%, excluding the no fee 60% loan-to-value (LTV) product.

TSB has also reduced the five-year fixed rate product for home movers and remortgage borrowers by between 0.15% and 0.25%.

The two-year tracker rate for home movers and remortgage borrowers has been reduced by between 0.2% and 0.25%.

Roland McCormack, TSB’s mortgage distribution director, commented: “TSB helped over 14,000 people with their mortgages in the first three months of 2017 and provided £2.2bn of new mortgage loans.

“We are committed to helping people borrow well and these rate cuts across the LTV ranges are an example of us doing exactly that.”