TSB has today announced the launch of its lowest fixed rate mortgage since May 2015.

At the same time the lender is cutting rates on a range of its other mortgages available through mortgage brokers.

Homemovers and remortgagers with a large deposit or equity stake of at least 40% will be able to access a new two-year fixed rate at 1.44%, a reduction of 0.15% and TSB’s cheapest fix since May.

Two-year tracker mortgages from the lender have also been reduced by 0.15%, while it has cut its longer term five-year fixed deals by 0.10%.