Accord and NatWest have both announced rate cuts tomorrow.

From 8am on Thursday, Accord is lowering prices on product transfer and additional loan rates.

The lender says that all fixed rates in this range will go down by between 10 and 20 basis points.

It has yet to reveal more specifics of the new rates on offer.

NatWest is also trimming rates on a number of new business products by up 15bps tomorrow.

These include:

• For purchase – rates decrease by up to 10bps and 11bps on selected two and five-year deals.
• For remortgage – rates decrease by up to 15bps and 10bps on selected two and five-year deals.

So far this week Virgin Money, Paragon, Santander, Hodge and Molo have already cut rates.

Moneyfacts analysis showed that average fixed rates had fallen by 9bps in the week to last Friday.