HSBC UK has announced further mortgage rate reductions, cutting selected rates by up to 0.11% across its residential and buy to let ranges.
The changes, which take effect from today, apply to products for first time buyers, home movers, remortgage customers and buy to let landlords.
Among the headline changes, HSBC has reduced its two year fixed rate purchase product at 90% loan to value (LTV) with no fee by 0.11% to 5.06%. Its two year fixed rate purchase deal at 90% LTV with a £999 fee has been cut by 0.10% to 4.81%.
For first time buyers, selected two year fixed rates have been reduced by up to 0.09%, while tracker products have also seen reductions.
In the remortgage range, HSBC has lowered selected two year fixed rates by up to 0.10%, including its 75% LTV fee free product, which now stands at 4.89%.
The lender has also made changes across its buy to let remortgage range. Its two year fixed rate product at 65% LTV with a £3,999 fee has been reduced by 0.11% to 4.35%, while selected five year fixes have been cut by up to 0.04%.
A number of products continue to offer cashback incentives, with higher cashback available on qualifying energy efficient homes.