HSBC UK has announced further reductions across its mortgage range, lowering rates by up to 0.31% with immediate effect from today, Thursday 30th April.
The latest repricing spans products for first-time buyers, home movers, remortgage customers and buy-to-let (BTL) landlords.
For first-time buyers, rates now start from 4.69% for a 2-year fixed at 75% loan-to-value (LTV) with a £999 fee, reduced by 0.30%, while a 2-year fix at 85% LTV with no fee has been cut by 0.31% to 5.02%.
A 5-year fixed product at 85% LTV has also been reduced by 0.27% to 4.77%.
Premier products see similar reductions, including a 2-year 75% LTV fix at 4.64%.
Across purchase products, rates have been reduced by up to 0.25%, with a 2-year fixed at 60% LTV now available from 4.45% with a £999 fee, and a no-fee option at 4.65%.
5-year fixes at higher LTVs have also been reduced, including an 85% LTV product now priced at 4.73%.
Remortgage rates have also been lowered, with a 2-year fixed at 75% LTV now starting at 4.79%, down by 0.17%, while equivalent Premier products are priced slightly lower at 4.76%.
In the buy-to-let remortgage range, rates have been cut more modestly, with 2-year fixes at 60% LTV now starting at 4.69% and 5-year fixes at 4.85%, alongside corresponding Premier options.
Oli O’Donoghue, head of mortgages at HSBC UK, said: “We’re pleased to announce further reductions to our mortgage rates to support first-time buyers, customers looking to move to their next home, and those remortgaging.
“These changes apply across much of our range and build on existing measures – for first-time buyers, this includes increasing borrowing power to up to 5.5 times income and offering cashback of up to £2,000 for eligible customers – supporting our ambition to help more people onto the property ladder.”