The criteria change aims to enhance borrowing potential.

High-LTV mortgage rates have seen further reductions.

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.