TSB launches 95pc fixes

The bank has also released a 95% LTV 10-year fix and flex product at 5.69%, which allows homeowners to remortgage after five years without incurring early repayment charges.

Ian Ramsden, head of mortgages at TSB, said: “TSB was born to bring competition to the market and we are committed to offering our mortgage customers competitive products to help them realise their home ownership plans.

“We are the only mortgage lender to currently offer mortgages up to 95% with a 10-year fixed rate.

“Helping people to get a foot onto the property ladder is a fundamental part of creating thriving local economies, and people thriving all over Britain is what TSB's local banking for Britain is all about.”

TSB’s range is currently available in branch or over the telephone, while it will be rolled out through TSB Intermediary later in the year.