Major lenders including Barclays, Halifax, HSBC and TSB are raising rates by up to 20 basis points tomorrow.

In the first few hours of business, many of the largest lenders have emailed brokers to notify them of the latest rate increases, including to tracker deals.

Barclays is raising prices on scores of residential products including deals for purchase, remortgage and product transfers, many of which are between 15 and 19bps.

But some of the steepest increases are to existing mortgage customer (EMC) Reward deals, with a five-year tracker product at 85% LTV climbing 20bps, from 4.55% to 4.75%.

Barclays’ EMC Reward two-year fixed product at 70% LTV with a £1,999 fee will also go up by 20bps, from 4.76% to 4.96%.

Halifax is putting up prices on all two, three and five-year fixed rates for home movers and first time buyers by up to 20bps tomorrow.

Two-year trackers will rise by up to 10bps for both purchase and remortgage customers.

TSB is also raising selected residential rates by up to 20bps tomorrow and buy-to-let rates by up to 15bps.

For landlords, BM Solutions is raising rates by up to 19bps tomorrow.

HSBC is also putting up its prices tomorrow, however it does not give brokers advance warning of the scale of the changes.