Nottingham Building Society will join a host of lenders cutting prices tomorrow, with rate reductions of up to 16bps.

Already today, NatWest, Barclays and HSBC have all revealed they will be repricing.

Nottingham is trimming rates across many of its residential purchase deals, including two-year, three-year and five year fixes.

The biggest reductions are to its two-year fixes:

• Two-year fixed at 75% LTV with a £1,999 fee and £300 cashback will drop by 16bps from 5.09% to 4.93%
• Two-year fixed at 60% LTV with a £999 fee and £300 cashback will drop by 16bps from 5.15% to 4.99%
• Two-year fixed at 60% LTV with a £999 fee and £300 cashback will drop by 16bps from 5.15% to 4.99%
• Two-year fixed at 60% LTV with a £1,999 fee and £300 cashback will drop by 16bps from 4.99% to 4.83%

Most of the rate reductions to three and five-year deals are of 10bps, but a couple of rates are dropping by 11 or 13 bps.