A number of lenders have announced rate increases after a week in which most price moves have been downwards.

Kensington and Leeds Building Society are both set to raise buy-to-let rates tomorrow, while Principality is poised to increase product transfer prices.

It comes after HSBC announced a round of rate cuts yesterday, which has taken effect today, including reductions of up to 20 basis points.

Kensington has not revealed the extent of price increases tomorrow

Leeds has published its new rate guide already, showing the increases it is making to company buy-to-let deals for new borrowers and rate switchers.

Principality is raising prices across a number of product transfer deals by 10bps tomorrow.

These include residential fixed rates at 65% to 90% loan-to-value.

Residential two-year trackers between 65% and 95% LTV.

Also within its product transfer range, new build two and five-year fixed rate shared ownership deals at 95% will rise by the same amount.

Two and five-year fixes at 60% and 75% LTV and two-year fixes at 85% LTV for buy-to-let and holiday will increase by 10bps as well.