This is the first time HSBC has offered Premier customers an exclusive two-year fixed rate since 2019. 

The lender has also made changes to its Energy Efficient Homes Cashback mortgage.

The lenders have joined Leeds Building Society in reducing rates during the first week of January.

The bank has increased maximum LTVs for applicants with leave to remain in the UK, with EU settled status, and for foreign nationals without permanent residency.