HSBC cuts residential and buy-to-let rates by up to 0.25%

HSBC UK is reducing rates across its mortgage ranges by up to 0.25%.

The rate reductions cover products for first-time buyers, home-movers and buy-to-let borrowers.  

In its first-time buyer range, five-year fixed rates have reduced by up to 0.15%, with a 60% LTV premier product down to 4.86% with £750 cashback, the standard £999 fee product down to 4.89% with £750 cashback (increasing to £1,500 for energy efficient homes, and a fee-free rate down to 4.99% with £500 cashback (increasing to £1,000 for energy efficient homes).

An 85% LTV five-year fix with a £999 fee is down by 13bps to 5.04% with £750 cashback, increasing to £1,500 for energy efficient homes.

In HSBC's standard purchase range, two-year fixed rates have reduced by up to 0.16%, starting from 4.65% at 60% LTV and 4.76% at 75% LTV, both with a £999 fee.

A five-year fix at 90% LTV is down by 17bps to 5.06% with a £999 fee and £350 standard cashback, increasing to £700 for energy efficient homes.

For buy-to-let, two-year fixed rates at 80% LTV are down by up to 25bps, available at 5.57% with a £1,999 fee and 5.99% fee-free.

Buy-to-let remortgage rates have also reduced by up to 25bps, with two-year fixed rates at 75% LTV down to 4.83% with a £1,999 fee and 5.23% fee-free, and a five-year fix at 80% LTV available at 5.99% with no fee.

For each of the buy-to-let rates, cashback of £350 is available for energy efficient homes.