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Its deals at higher loan-to-value ratios will be reduced, while rates on lower LTV deals are set to rise. Leeds building societyis increasing selected residential fixed rates, including interest-only mortgage deals, by up to 0.2 percentage points. Yorkshire Building Society has increased the cost of selected fixed rate residential mortgage deals by up to 0.4 percentage points with immediate effect.

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It also has a fee-free five-year deal at 90percent LTV for purchase or remortgage at 4.84percent. Rates for new Barclays customers will be cut by up to 0.5 percentage points, while existing customers will see fixed rate switcher products cut by up to 0.6 percentage points. Lenders including Barclays and HSBC offer flexible tracker rate products that offer the opportunity to switch, without penalty, to a fixed rate at a later date.

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