HSBC cuts mortgage rates for second time this week

HSBC UK has announced rate reductions across its mortgage range for the second time this week.

The latest reductions mark the first time all purchase and first-time buyer rates have been under 5% since 2022.

Cuts have been made across HSBC's residential purchase and remortgage ranges, as well as buy-to-let, switcher and international rates.

Residential rates have reduced by up to 0.20%, with buy-to-let and international mortgages down by up to 0.25%.

Remortgage reductions see two and five-year fixed rates at 60% LTV both priced at 3.89% for non-Premier and 3.84% for Premier customers. 

A two-year fix for purchase and first-time buyers at 95% LTV has reduced to 4.99% with no fee.

Buy-to-let rates are down by up to 0.25% with a two-year fixed rate remortgage product at 60% LTV down to 3.79% with a £3,999 fee or 4.04% with a £1,999 fee.

A two-year switcher product at 60% LTV for existing Premier customers coming to the end of their current mortgage deal is now available at 3.79%.

In addition, international residential rates have reduced by up to 0.17%.