HSBC and TSB are cutting mortgage rates, while Co-operative Bank is adding a number of new deals tomorrow.

TSB will be lowering costs for a number of residential mortgage deals.

Two-year fixed house purchase products will reduce by up to 20bps, while two-year fixed remortgage products will fall by up to 10bps.

Two-year fixed shared ownership and shared equity house purchase products will also reduce by up to 20bps.

Within its product transfer range, two-year fixed products between 60% and 75% loan to value (LTV) will reduce by 5bps.

For additional borrowing, two-year fixed products between 60% and 75% LTV will also reduce by 5bps.

HSBC did not reveal the scale of reductions it will be making tomorrow, but listed a wide range of products that will see price cuts.

These include residential first-time buyer, movers, remortgage, product transfers, additional borrowing and energy efficient home deals.

Buy-to-let rates for remortgage, product transfer, additional borrowing and energy efficient homes will also see reductions.

The lender will be lowering prices on international residential and buy-to-let products as well.

At Co-op a number of purchase and remortgage deals are being brought back across a range of LTVs.

It comes as buy-to-let lenders announced rate changes today following the Renter’s Rights Bill becoming law.