Barclays is cutting rates by up to 38 basis points tomorrow with several deals set to fall below 4%.

Co-op is reducing selected remortgage and retention rates for residential borrowers by up to 17 bps today.

It is also lowering some of its residential purchase and professional mortgage rates by up to 14 bps.

Precise has emailed brokers to say it is withdrawing its current range of product transfer rates for buy-to-let borrowers at 5pm today, ahead of price cuts tomorrow.

At Barclays, highlights of its repriced range include a two-year fixed at 60% LTV now at 3.99% with an £899 fee, down from 4.11%.

Its five-year fix at the same LTV with the same fee is also falling to 3.99%.

Both deals are available for loans between £5,000 and £2m.

The lender’s mortgage guarantee two-year fix with no fee at 95% LTV is dropping by the biggest margin, down by 38 bps from 5.28% to 4.9%.