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The lender’s new deals, available exclusively through brokers for new and existing customers, have been cut by up to 0.8 percentage points. Yorkshire building society has cut selected fixed rate mortgage deals by up to 0.65 percentage points and will offer a five-year deal for purchase and remortgage at 3.99percent, writes Jo Thornhill. Coventry building society has also released its new residential fixed rates for borrowers with 25percent equity in their property, following a rate rise announced yesterday .

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For example, in its remortgage range, the lender has increased its fee-saver five-year fixed rate mortgage at 60percent LTV to 4.49percent – up by 0.24percent. Its two-year standard BtL fixed rate (75percent LTV) is 5.69percent with a 2percent fee. Five-year fixed rates (65percent LTV) start from 5.69percent, also with a 2percent fee. HSBC is pulling all new customer residential and buy-to-let mortgage deals at the end of today and will relaunch new products on Monday . The bank has said rates across all loan-to-value ratios will be increasing.

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Both Barclays and NatWest have given notice to mortgage brokers today of their intention to increase fixed rates. NatWest’s buy-to-let fixed rates, available through brokers, have seen significant increases. The two-year fix with a 995 fee (60percent LTV) has risen to 6.49percent from 5.24percent. Five-year fixed rate residential mortgages also continue to rise. The average five-year fix in the market is at 6.30percent today, compared to 6.27percent yesterday, says Moneyfacts.