HSBC UK has reduced rates across its mortgage range by up to 0.31%.
The rate reductions offer support to first-time buyers, home-movers and those seeking to remortgage.
In its first-time buyer range, two-year fixed rates are down by 0.30% to 4.69% at 75% LTV and by 0.31% to 5.02% at 85% LTV. A Premier two-year fix at 75% LTV is now available from 4.64% with £750 cashback.
A five-year fix at 85% LTV has reduced by 0.27% to 4.77%.
The first-time buyer rates come with cashback of £500-750, rising up to £1,500 for energy efficient homes.
In HSBC's standard purchase range, two-year fixed rates now start from 4.45% at 60% LTV with a £999 fee and 4.65% fee-free, with £350 cashback for energy efficient homes. The lowest rate is a Premier two-year fix at 4.42%.
Five-year fixed rate reductions include a 60% LTV fee-free product, down to 4.71%, and an 85% LTV rate at 4.73% with a £999 fee.
For remortgage, two-year fixed rates at 75% LTV have reduced by 17bps, starting from 4.76% for the Premier product and 4.79% for the standard rate, both with a £999 fee.
Buy-to-let remortgage rates have reduced by 10-15bps, with two and five-year fixed rates starting from 4.64% and 4.80% respectively.
Oli O’Donoghue, head of mortgages at HSBC UK, said: “We’re pleased to announce further reductions to our mortgage rates to support first-time buyers, customers looking to move to their next home, and those remortgaging.
“These changes apply across much of our range and build on existing measures - for first-time buyers, this includes increasing borrowing power to up to 5.5 times income and offering cashback of up to £2,000 for eligible customers - supporting our ambition to help more people onto the property ladder.”
