The lender said the cuts are designed to support first-time buyers, home movers and remortgage customers, with reductions applying across a broad range of loan-to-value (LTV) bands.
HSBC UK has reduced mortgage rates across its residential and buy-to-let (BTL) ranges by up to 0.16%, with the latest changes taking effect from today, 3rd July.
The lender said the cuts are designed to support first-time buyers, home movers and remortgage customers, with reductions applying across a broad range of loan-to-value (LTV) bands.
Within its first-time buyer range, HSBC has reduced its 2-year fixed product at 60% LTV by 0.15% to 4.32%.
The deal carries a £999 fee and includes £250 cashback, rising to £600 for energy-efficient homes.
At higher LTVs, a 2-year fixed rate at 90% LTV has fallen by 0.10% to 4.72%, while a fee-free 5-year fixed product at 75% LTV has been reduced by 0.09% to 4.64%.
For home movers, HSBC has lowered its fee-free 2-year fixed product at 60% LTV to 4.48%, while its 5-year fixed deal at 95% LTV has fallen by 0.12% to 5.09%.
The lender has also reduced rates across its remortgage range.
Its largest cut sees a fee-free 2-year fixed product at 85% LTV reduced by 0.16% to 5.13%.
A 5-year fixed remortgage at 90% LTV with a £999 fee has also fallen by 0.10% to 4.98%.
Selected Premier products have also been repriced, including a 2-year fixed remortgage at 60% LTV, which now stands at 4.40%, and a 5-year fixed remortgage at 90% LTV, reduced to 4.88%.
Within the buy-to-let range, HSBC has reduced selected purchase products by up to 0.10%.
Rates now start from 4.59% for a 2-year fixed product at 75% LTV with a £1,999 fee, while 5-year fixed products at 60% and 75% LTV have been reduced to 4.63% and 4.73% respectively.
Many of the lender’s products continue to include enhanced cashback incentives for energy-efficient homes, with eligible borrowers able to receive up to £700.