Halifax, BM Solutions, TSB and Leeds Building Society are increasing rates tomorrow by up to 20 basis points.

At Halifax, remortgage rates on selected two, three and five-year fixed rates are rising by up to 20bps.

Homemover and first-time buyer rates will climb by up to 15bps and product transfer deals by up to 10bps.

Buy-to-let rates via BM Solutions will also go up by up to 10bps, for both purchase and remortgage.

TSB is also raising residential purchase and remortgage rates by up to 20bps tomorrow.

Buy-to-let two and five-year fixed rates for purchase up to 75% loan-to-value will jump by up to 20bps.

Two and five-year remortgage deals between 60 and 75% LTV will rise by 10bps.

Leeds Building Society is increasing a number of fixed rates tomorrow, too.

The lender is putting up prices on selected residential, rate switch, income plus and buy to let deals.

Trinity Financial product and communications director Aaron Strutt says: “Halifax has some decent mortgages available but they won’t be around much longer. 

“The bank has two-year fixed rates starting from 4.53%, three-year fixes from 4.58% and five-year fixes from 4.52%, but with so many of its competitors increasing rates recently and the cost of funding hikes this rate rise was always going to happen. 

“It does not look like the bank’s 4.06% two-year tracker rate is going up and it is offering increasingly good value for money now.

“The Halifax premier current account holder rates seem to be around 20bps cheaper than the lender’s standard rates, so if you are looking for a Halifax mortgage and you earn over £100,000 it is well worth opening an account before applying for a mortgage.”