HSBC has confirmed it will reduce mortgage rates across a broad range of residential and buy-to-let products from Thursday 23rd April, covering first-time buyers, home movers, remortgage customers and existing borrowers.
The changes apply across multiple loan-to-value tiers, with 2-year and 5-year fixed rate products seeing reductions across fee saver, standard, high value and premier exclusive ranges for both first-time buyers and home movers.
The lender is also reducing rates on remortgage products, including 2-year and 5-year fixed deals across fee saver, standard and premier exclusive ranges, alongside cashback and energy-efficient mortgage variants for properties with A and B EPC ratings.
Existing customers will benefit from rate cuts on borrowing more and product switching options, including reductions on 10-year fixed products, while buy-to-let borrowers will see pricing reduced across both purchase and remortgage ranges, including energy-efficient variants.
HSBC confirmed that international residential and buy-to-let products are also included in the reductions, with cuts applied across 2-year, 5-year and 10-year fixed rate options, depending on product type and LTV band.
Alongside the pricing changes, the lender has updated fixed rate end dates across its range, with new maturity dates extended to July for 2-year, 3-year, 5-year and 10-year products.