HSBC makes further rate cuts on residential and buy-to-let ranges

HSBC UK has announced further mortgage rate reductions, cutting selected rates by up to 0.11% across its residential and buy-to-let ranges.

The changes apply to products for first-time buyers, home movers, remortgage customers and buy-to-let landlords.

Among the headline changes, HSBC has reduced its two-year fixed rate purchase product at 90% LTV with no fee by 0.11% to 5.06%. Its two-year fixed rate at 90% LTV with a £999 fee has been cut by 0.10% to 4.81%.

For first-time buyers, selected two-year fixed rates have been reduced by up to 0.09%, while tracker products have also seen reductions.

In the remortgage range, HSBC has lowered selected two-year fixed rates by up to 0.10%, including its 75% LTV fee-free product, which now stands at 4.89%.

The lender has also made changes across its buy-to-let remortgage range. Its two-year fixed rate product at 65% LTV with a £3,999 fee has been reduced by 0.11% to 4.35%, while selected five-year fixes have been cut by up to 0.04%.

A number of products continue to offer cashback incentives, with higher cashback available on qualifying energy efficient homes.