HSBC is set to cut rates tomorrow, while a number of other lenders have unveiled price cuts as well as some increases.

HSBC does not reveal the scale of its reductions, but says it will be lowering costs across both residential and buy-to-let product ranges tomorrow.

Other lenders have given notice of price increases, including Foundation which says it will be updating its residential new customer and product transfer rates tomorrow.

In its email to brokers it says: “Rate increases reflect the uncertain market conditions, ensuring we can continue to support your client’s home and property ambitions — helping to make mortgages happen.”

Leek Building Society is raising prices on a number of fixed rates tomorrow.

Some holiday let products are rising by up to 17bps and limited company buy-to-let deals by up to 15bps.

Other specialist types of buy-to-let including first-time landlord, portfolio and regulated family products are rising by up to 10bps.

Shared ownership rates are also rising by up to 10bps and other residential deals by up to 5bps.

Vida is withdrawing residential and buy-to-let products later today and relaunching a repriced range tomorrow, but does not say if rates will be higher or lower.

Interbay is also withdrawing its limited edition commercial investment and semi-commercial products at 5pm today, with lower rates going live tomorrow.