Principality Building Society is increasing some rates by up to 23 basis points tomorrow and reducing others.

The lender is raising prices on a number of residential deals.

Among the increases, a three-year fixed at 65% loan-to-value is going up by 23bps, while two-year fixed rates at the same LTV are rising by up to 20bps.

Lots of other residential two, three and five-year fixes between 65% and 85% LTV will see hikes of between 9 and 19bps

Principality is lowering rates on several new-build shared ownership deals at 95% LTV by 10bps.

Some of the lender’s holiday let rates at 60% LTV will drop by 7 or 10 bps

Meanwhile, fees on some 95% deals will reduce from £2,500 to £1,499.

The price changes from Principality come as Moneyfacts’ data reveals the average two-year fixed rate has held steady at 5.89%, unchanged from yesterday.

The average five-year fixed is also unchanged from yesterday at 5.77%.