Allison Buckley has assumed the position of CEO of Kensington Mortgages.

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.

Rates now start from 3.19%.

The government and FCA are considering relaxing mortgage affordability rules to boost first-time buyer lending.

High-LTV products have seen the largest rate reductions.

Rates now start from 4.09%.

The bank says this is due to a recent increase in five-year market swap rates. 

Mortgage rates are reducing across residential and buy-to-let products for existing customers.

Some buyers have had mortgage offers withdrawn concerning following allegations of fraudulent fire safety certificates.

The package includes a commission advance scheme where new advisers are able to access an interest free loan.