Halifax for Intermediaries and Leeds Building Society have both announced cuts to a large number of fixed rate deals this afternoon following the Bank of England’s shock base rate cut.

Leeds is cutting rates by as much as 25 basis points on some residential fixed rate deals tomorrow. 

Mortgage Strategy is awaiting confirmation from Leeds of the new rates.

Halifax for Intermediaries announced wide ranging cuts across its fixed rate range of up to 10 basis points from Monday.

The Halifax rate cuts include:

• On home mover and first-time buyer products, five-year fixed rates cut by up to 10 bps.
• Two-year fixes cut by up to 9 bps.
• Ten-year fixed rates cut by up to 7 bps
• Within its affordable housing and shared equity and new build range, two-year fixed rates reduced by up to 9 bps and five-year fixes by up to 10 bps.

Full details of the rate changes will be available on Monday, the lender said in an email to brokers.