It comes after TSB, Zephyr and Vida also announced a reprice.

Barclays’ price reductions are across both residential and buy-to-let deals.

In its residential range, the most significant cuts are to rates on its large loan mortgages.

A  two-year fix at 60% LTV with a £1,999 is dropping by 66bps from 5.06% to 4.4%.

The deal is available for loans between £2m to £10m.

A five-year fixed in the same range for loans of £2m to £10m, with the same fee at 70% LTV is coming down by 49bps from 4.51% to 4.02%

And a five-year fix at 75% LTV is falling by 58bps from 4.65% to 4.07%, also with a £1,999 fee, but for loans of £2m to a maximum of £5m.

In Barclays’ buy-to-let range, prices on a number of products are reducing by up to 40 basis points.

Leeds Building Society has announced it is cutting rates on selected shared ownership deals by up to 20bps tomorrow.

It will also be launching new buy-to-let and portfolio buy-to-let deals at 75% LTV.