HSBC trims residential and buy-to-let rates

HSBC UK has reduced rates across its residential and buy-to-let product ranges, with reductions of up to 0.10%.

The rate reductions will benefit first-time buyers, home-movers and those seeking to remortgage. 

In its first-time buyer range, five-year fixed rates at 90% LTV have reduced to 4.76% with a £999 fee and 4.88% fee-free. Both products come with £500 cashback, increasing to £850 for energy efficient homes. In addition, a fee-free five-year fix at 95% LTV has decreased to 5.28% with £1,500 cashback, increasing to £2,000 for energy efficient homes.

In HSBC's residential purchase range, a Premier two-year fix is now available from 4.30%, with a standard fee-free rate at 60% LTV reducing to 4.53%. A two-year fix at 85% LTV has reduced by 0.10% to 4.77%. The cheapest five-year fixed rate is a 60% LTV Premier rate, now available at 4.35% with a £999 fee.

In its remortgage range, two and five-year fixed rates at 60% LTV now start from 4.73% and 4.67% respectively, both with no fees. In the bank's Premier remortgage range, two-year fixed rates have reduced to 4.44% at 60% LTV and 5.05% at 90% LTV with a £999 fee.

For buy-to-let remortgage, two-year fixed rates at 60% LTV start from 4.43% for a Premier product with a £1,999 fee and 4.88% for the standard product with no fees. At 65% LTV, a two-year fix has reduced to 4.53% with a £1,999 fee and a five-year fix has reduced to 4.79% with no fee.