Principality is trimming prices tomorrow and Market Harborough has reduced its bridging rates today.

At Principality, two and five-year fixed rates within its residential range at 65% loan-to-value are being lowered by up to 10 basis points.

Several residential fixed rate deals at 90% LTV will fall by up to 6bps.

The lender is also cutting five-year fixes for holiday lets at 60% LTV by up to 7bps

Principality is introducing some new buy-to-let deals at 60% to 75% LTV with a 3% fee.

Market Harborough has reduced its core bridging rates today by up to 12bps and simplifying the range into two LTV bands.

The lender is now offering a variable rate of 0.53% for cases up to 60% LTV and 0.57% for cases between 60.01% and 70% LTV.

Market Harborough head of mortgage distribution Iain Smith says: “We’ve sharpened our core bridging finance range, making it more accessible and even more competitive.”