HSBC cuts residential and buy-to-let rates by up to 0.16%

HSBC UK has reduced mortgage rates by up to 0.16%, benefitting first-time buyers, home-movers and those seeking to remortgage. 

In is first-time buyer range, a two-year fixed rate at 60% LTV has reduced by 15bps to 4.32%. The product comes with a £999 fee and £250 cashback, increasing to £600 for energy efficient homes.

A two-year fix at 90% LTV has reduced to 0.10% to 4.72% with a £999 fee and a five-year fix at 75% LTV is down to 4.64% with no fee. Both products come with £350 cashback, rising to £700 for energy efficient homes.

In HSBC's purchase range, a fee-free two-year fix at 60% LTV is now available at 4.48% with £350 cashback for energy efficient homes.

A two-year Premier product at 90% LTV is available at 4.65% with a £999 fee and a five-year fix at 95% LTV with no fee is down to 5.09% with up to £700 cashback.

For remortgage, two Premier products have reduced by up to 0.10% - a two-year fix at 60% LTV is down to 4.40% and a five-year fix at 90% LTV is available at 4.88%, both with a £999 fee.

Elsewhere in the remortgage range, a fee-free two-year fix at 85% LTV is down by 16bps to 5.13% and a five-year fix at 90% LTV has decreased by 10bps to 4.98% with a £999 fee. Both products come with £350 cashback for energy efficient homes.

Finally, the bank has reduced a trio of buy-to-let purchase products with a £1,999 fee and £350 cashback for energy efficient homes. A two-year fix at 75% LTV is down to 4.59% and five-year fixed rates are available from 4.63% at 60% LTV and 4.73% at 75% LTV.