Principality Intermediaries has lowered rates by as much as 0.51%.

The biggest cuts were made in its residential range with cashback. A two-year fixed rate 80% loan-to-value (LTV) product has been reduced by 0.51% while the five-year equivalent has decreased by 0.42%.

The residential two-year fixed at 85% LTV with a fee of £895 has also been cut by 0.49% and the five-year fixed at 85% LTV with a fee of £1,395 has been reduced by 0.40%.

In the lender’s joint borrower sole proprietor range, a two-year fixed at 80% LTV has been lowered by 0.38% and the five-year fixed at 75% LTV has gone down by 0.30%.

Principality has also made cuts on buy-to-let (BTL) products, including its five-year fixed at 75% LTV with no fee by 0.50% and the fee equivalent has decreased by 0.40%.

In addition, the two-year fixed holiday let product at 75% LTV has been cut by 0.18% and the five-year fixed equivalent is 0.20% lower. 

All changes will be made from tomorrow. 

Elsewhere, TSB has reduced a range of its product transfer and additional borrowing rates by up to 0.20%.

Earlier today it was announced that Barclays had cut its remortgage rates to start from 3.93%. 

Market Harborough also announced some rates would be cut from tomorrow, including its standard variable rate by 0.20% to 7.59%.