Barclays is lowering prices by up to 19 basis points, launching new products but also increasing rates on some deals by up to 11bps tomorrow.

Some of the most notable changes are to residential remortgage-only products.

A 60% loan-to-value five-year fixed at 5.01% with a £999 fee will reduce by 18bps to 4.83%, while the fee-free equivalent will fall 19bps 5.01%.

Lots of other deals will fall by lesser amounts.

At the same time, Barclays is increasing some 90% LTV residential deals for purchase, including a five-year fixed at 5.19% with no fee, which is rising 11bps to 5.3%.

HSBC is reducing rates on some residential and buy-to-let products, but never gives advisers advance warning of the scale of any changes.

Earlier today, NatWest, TSB and Accord announced rate cuts.

Trinity Financial product and communications director Aaron Strutt says: “After a week of very few rate changes a selection of lenders have announced pricing improvements at pretty much the same time.

NatWest is cutting rates by up to 19bps, TSB by up to 35bps and Accord by up to 45bps in the latest wave of lender repricing.

“Barclays is launching a two-year tracker at 3.96% matching Halifax’s best buy product as the bank looks to attract more of the rapidly increasing number of borrowers keen to take variable rates, while also improving a few of its other fixed rates.”

Strutt adds: “Swap rates have been pretty volatile recently but many of the lenders have said they secured funding to cover them for a few weeks.

“Hopefully the Bank of England base rate will stay on hold tomorrow and this leads to mortgage funding costs easing.

“Nationwide has a decent two-year fix at 4.5% and a 4.68% five-year fix.

“TSB now has the most competitive three-year fix priced at 4.64%.

“While it is great to see rates come down again, fixed rate price hikes over the coming weeks can’t be ruled out.”