The biggest reductions are from Leek which is slashing a number of buy-to-let rates by 30 basis points tomorrow, as well as making smaller reductions to residential deals.

In its buy-to-let range, a two-year fixed with £400 cashback and a £1,495 product fee will fall to 4.29%, down 30bps from 4.59%.

A regulated buy-to-let two-year fixed with no product fee will reduce by the same margin to 4.54%, along with its first-time buyer buy-to-let product.

For portfolio buy-to-lets, a two-year fixed will be cut by the same amount to 4.59%.

In the lender’s residential range, a 90% loan-to-value five-year fixed rate with a £995 product fee will be cut to 4.2%, down by 14bps from 4.34%, alongside other smaller reductions.

For shared ownership borrowers a number of deals at 90-95% LTV will come down by up to 8bps.

Also tomorrow, TSB will be trimming several five-year fixed rates at 85-95% loan-to-value by 10bps.

The products it is reducing are all residential rates for house purchase, including some shared ownership deals.

At Principality Building Society a number of rates will fall by up to 10bps tomorrow.

In its residential range, products at 65%, 75%, 80% and 95% LTV will reduce by up to 6bps.

For buy-to-let borrowers a five-year fixed rate at 60% LTV will drop by 5bps and one at 70% LTV will be cut by 10bps.

At 90% loan-to-value, the five-year fixed rate with a £995 product fee has been cut to 4.20%, a reduction of 14bps from 4.34%.

It comes after Kensington and Gatehouse also announced rate cuts today.