HSBC reduces rates on over a hundred products

The rate cuts apply across 2-, 3- and 5-year fixed rates across all LTV bands.

For existing customers, some of the rate cuts include a reduction of 0.05 on a 60% 5-year fixed rate with £999 fee to 3.84% and the same reduction on a 2-year 75% LTV product to 4.24%.

At higher LTVs for home movers, the bank's 2-year fixed rate with no fee at 90% is down 0.10% to 5.19% and on the 85% equivalent down 0.11% to 4.88%. At a lower loan to value for homemovers, a five year product with £999 fee has been reduced to 3.98%.

Products designed for remortgaging customers have also been reduced - including a 75% loan to value product reduced by 0.11% to 3.98% with £999 fee.