Leeds Building Society is making a number of changes to new and existing customer rates, including increases as well as some reductions of up to 30bps from tomorrow.

The lender is launching residential fixed rates for new customers, as well some limited company buy-to-let deals at the same time as withdrawing others.

It has published details of the new products and those being withdrawn on its intermediary website.

The price reductions of up to 30bps are to selected residential rate switch deals, as well as additional borrowing deals.

Foundation has also updated its product transfer rates for residential and buy-to-let borrowers today.

Earlier today Barclays announced rate increases of up to 40bps on many of its deals, as well as some reductions.

Yesterday, Coventry Building Society and Nottingham were among the first lenders to begin making price cuts.

Today’s updates from Leeds come in addition to further product changes it made yesterday.

Analysis from Moneyfacts has shown the average two-year fixed has jumped 101bps since the beginning of the war in Iran.