HSBC and Principality are the latest lenders to reveal rate cuts tomorrow, while Virgin Money is raising tracker costs at the same time as lowering fixes.

HSBC’s prices are set to fall across both residential and buy-to-let ranges tomorrow, but the lender does not give advisers advance detail of the scale of changes.

Virgin Money is cutting fixed rate deals by up to 45 basis points tomorrow, but some trackers are increasing by 25bps.

For purchase borrowers, two-year fixed rates are down by up to 37bps and five-year fixes by up to 45bps.

Remortgage fixes are also dropping by up to 35bps and buy-to-let product transfers by up to 10bps.

But two-year trackers for remortgage borrowers are increasing 25bps.

Principality Building Society is lowering some fixed rates by up to 12bps tomorrow.

It is also introducing a number of new residential fixed rates at 80-90% loan-to-value.

However, it is raising fees on certain deals to £1,499.

Earlier today TMW and Landbay announced cuts to buy-to-let rates.