Halifax will lift selected fixed-rate residential loans by up to 16 basis points tomorrow, while Market Financial Solutions reduces rates across its bridging range.  

The high street lender will raise some two-, three- and five-year remortgage fixes by as much as 16bps, it says in a broker note, without giving further details. 

It adds that two- and five-year product transfer and further advance fixes will rise by up to 15bps. 

The firm says to secure existing prices, brokers should submit applications in full by 8pm tonight. 

Meanwhile, Market Financial Solutions says its residential single bridging fixes are available from 0.70%.  

The specialist lender adds that rates across portfolio loans, second charge, light development, semi-commercial, commercial, and development exit products have been cut. 

Market Financial Solutions chief executive Paresh Raja says: “The property market has enjoyed a productive first five months of the year, with multiple house price indices showing consistent growth.  

“With the Bank of England expected to reduce the base rate further in 2025, we’re preparing for increased demand among investors, so now feels like the right time to cut rates and maintain momentum.”