"These changes mean there are now over 20 mortgage options under 5.00% for customers, the most we have offered under this level for 5 months."
HSBC has announced rate reductions of between 3 and 35bps across its residential and buy-to-let mortgage ranges.
For residential purchases and home movers, 60% LTV products now start from 4.98% fixed for two years and 4.59% fixed for five years, both with a £999 fee.
A two-year fixed rate at 85% LTV has reduced by 14bps to 5.74% with no fee and a five-year fix at 90% LTV is now available at 5.09% with no fee.
For residential remortgage, two-year fixed rates now start from 5.14% at 60% LTV with a £999 fee while a five-year fix at 60% LTV has reduced by 21bps to 4.99% with no fee.
For existing residential customers switching product, a five-year fix at 60% LTV has reduced by 0.15% to 4.54% with a £999 fee.
In HSBC's buy-to-let range, a two-year home mover product at 60% LTV is down to 5.34% and a two-year remortgage product at 60% LTV is also available at 5.34%, both with a £1,999 fee.
An HSBC UK spokesperson said: “We are here to support our customers and we remain committed to offering the best possible rates to all our customers. That is why we are pleased to announce cuts to mortgage rates across all our UK residential and international mortgage ranges, and across our buy-to-let range, for new and existing customers.
"These changes mean there are now over 20 mortgage options under 5.00% for customers, the most we have offered under this level for 5 months.”
