TSB, HSBC and Virgin Money have trimmed tracker rates following the base rate cut by the Bank of England last week.

While Buckinghamshire Building Society is poised to lift selected rates across its residential mortgage range on Thursday morning.

The Bank’s rate-setting Monetary Policy Committee lowered the cost of borrowing by 0.25% to 4.75% last Thursday, its second cut since August.

TSB today says that following the BoE decision, the high street lender’s revert rates will move to 8.24% for homeowner variable rates and 9.09% for buy-to-let variable rates from 11 November.

Also, today Buckinghamshire Building Society said in a note to brokers they must submit a decision in principle by 5pm on Wednesday 13 November to secure existing products, ahead of raising selected home loan rates the following day.

On Friday, HSBC said all tracker rates “will include” the reduced Bank of England base rate.

It added that there were no changes to its residential standard variable rate or buy-to-let standard variable rate.

Virgin Money also updated its tracker rates on Friday “to reflect the change to the Bank of England base rate with no change to our tracker differential”.