This is the first time all purchase and first-time buyer rates have been under 5% since 2022.

The bank has reduced nearly all mortgage rates by up to 0.24%.

The changes will benefit both purchase and remortgage applications across the product range.

Rates have reduced on almost all mortgages in the bank's mortgage ranges.

Domestic abusers are using joint mortgages against 750,000 UK women, plunging many victim-survivors into debt and homelessness.

The bank has also enhanced its buy-to-let lending criteria.

HSBC is bringing lending rules for foreign nationals into line with UK residents.

The bank says it wants to create "a more focused organisation built on its core strengths".

The new rates come as part of widespread rate cuts of up to 0.20% across HSBC's residential and buy-to-let mortgage ranges.

The bank plans to refocus on its core strengths in Asia and the Middle East.