Barclays is hiking rates across a wide range of residential and buy-to-let products by as much as 30 basis points tomorrow.

It comes after the lender introduced daily lending limits on Friday in a bid to manage demand.

Today’s email to brokers says the price increases “further ensure our ability to continue to effectively manage the flow of applications we receive, and provide you and your clients with a consistent level of service”.

The lender revealed that its daily cap on funding was reached by 3.30pm yesterday.

Increases for residential borrowers include, for purchase only:

•  2.49 per cent five-year fix £0 product fee, 85 per cent LTV will increase to 2.64 per cent
• 1.75 per cent five-year fix, £0 product fee, 75 per cent LTV will increase to 1.95 per cent
• 1.34 per cent two-year fix, £999 product fee, 60 per cent LTV will increase to 1.46 per cent
• Increases to many Help to Buy rates

Among the increases to residential purchase and remortgage rates:

• 1.32 per cent two-year tracker, £999 product fee will increase to 1.53 per cent.
• 1.69 per cen three-year fix, £0 product fee, 75 per cent LTV will increase to 1.89 per cent.
• 1.85 per cent five-year fix £999 product fee, 80 per cent LTV will increase to 2.15 per cent.

Among the buy-to-let rate rises:

• Purchase only 2.1 per cent five-year fix, £1295 product fee, 75 per cent LTV, will increase to 2.30 per cent.

For BTL purchase and remortgage:  

• 1.55 per cent two-year fix,1 per cent product fee, 60 per cent LTV will increase to 1.85 per cent.

The lender is also withdrawing two 75 per cent LTV deals – one for residential borrowers and the other for portfolio landlords.