Principality is increasing product transfer rates by up to 25 basis points tomorrow, but Accord is lowering buy-to-let transfers by up to 58bps.

Meanwhile, HSBC’s previously-announced reductions of up to 31bps have taken effect today.

At Principality, many of its residential two, three and five-year fixed rates for product transfer between 65% and 75% loan-to-value will rise by up to 25 basis points.

Some of its residential product transfer two and five-year discount rates will increase by similar amounts, as will a number of shared ownership deals for product transfer.

The lender is lowering several holiday let product transfer fixed rates and discount rates at 60% LTV by 15bps.

Accord is making substantial reductions to buy-to-let product transfers tomorrow.

Two-year rates will fall by between 25 and 58bps, three-year rates by up to 47bps and five-year rates by 40-58bps.

HSBC’s latest round of price cuts, which were flagged by the lender yesterday without revealing the scale of reductions, have taken effect today.

Following the changes, some rates up to 31bps lower than before.

Yesterday Fleet announced it would be making increases of up to 20bps.