More lenders have joined the wave of rate cuts taking place tomorrow including HSBC, TSB, Mpowered, Clydesdale and Suffolk Building Society.

These join Atom and Pepper, which are also reducing rates tomorrow, as previously reported.

And Foundation and Fleet mortgages have revealed new rates from today after previously announcing they would be repricing.

Rate cuts from tomorrow

TSB is cutting residential rates with new deals starting from 3.79%.

It is shaving up to 35 basis points off five-year fixes up to 85% LTV for purchase.

On two-year fixes up to 80% LTV for purchase rates are dropping by up to 25bps.

Two and five-year remortgage deals up to 80% LTV are being trimmed by up to 15bps and additional borrowing rates by up to 20bps.

Clydesdale is lowering prices by up to 39bps, with core resi deals starting from 4.02% and product transfer exclusives from 3.99%.

MPowered is also cutting rates tomorrow by up to 27bps, with some three and five-year fixed rates falling below 4%.

Following the changes, a five-year fix at 60% LTV has  been reduced to 3.87% with a £999 arrangement fee or 3.97% with no fee. 

Its three-year fixed rate mortgage at 60% LTV has been cut to 3.99% with a £999 fee and 4.17% with no fee. 

Two-year rates at 60% LTV have been cut to 4.24% with a £999 fee and 4.44% with no fee.

Suffolk Building Society is also lowering rates tomorrow by up to 20bps on five-year fixes for purchase or remortgage.

Among the cuts, a five-year fix at 80% LTV will come down by 20bps to 4.79%, max loan £2m and an interest-only version, up to £750,000 will reduce to 5.09%.

At 90% LTV a five-year fix will come down by 20bps to 4.99% up to a maximum loan of £500,000.

The lender is reducing a 95% LTV five-year fix by 10bps to 5.29%

HSBC has yet to reveal the scale of its cuts, but says it will be lowering rates on many of its residential deals as well as some buy-to-let products at a range of different LTV tiers tomorrow.

Buy-to-let rate changes effective today

From today, Fleet has cut rates by between 15 and 30bps on standard and limited company buy-to-let deals at 75% LTV.

A two-year fix with a 3% fee is now 4.69%, down from 4.99%.

A five-year fixed-rate, with no fee, is now 5.74%, down from 5.89%

Among the changes at Foundation, a new F1 five-year fixed rate for professionals up to 65% LTV is 5.74% with a £995 fee and £350 cashback. 

There will now be interest-only options on professional products.

In its buy-to-let range it has launched an F1 green five-year fix with a 1.25% fee, free standard valuation and no application fee at 5.54% up to 75% LTV

Its F2 large portfolio five-year fix at 70% LTV with a 1.25% fee, free standard valuation and no application fee has come down by 20bps to 6.29%.