TSB is cutting rates by up to 25 basis points tomorrow, while Precise and Kent Reliance are also lowering prices but have not revealed details.

At TSB residential remortgage rates are set for major reductions.

Three and five year fixed rates for remortgage are both falling by up to 25bps.

Two-year remortgage rates are dropping by up to 20bps.

The lender is also lowering five-year fixes for purchase, including some 95% loan-to-value deals, by up to 15bps.

Two-year fixes for purchase, including those at high LTVs, will fall by up to 10bps.

For buy-to-let and portfolio buy-to-let borrowers, selected purchase, remortgage and product transfer deals will also be cut by up to 10bps.

It comes after NatWest, Halifax and BM Solutions all cut rates today.

Precise and Kent Reliance are lowering residential and buy-to-let product transfer deals tomorrow.