"While the purchase of properties has understandably slowed, time marches on for those who are on a fixed-rate deal."
Amongst the reductions is a two-year fixed rate at 60% LTV which is now available at 1.19% with a £999 fee. A fee-free alternative is available at 1.49%.
Five-year fixed rates have been reduced by 0.05% to 1.59% at 60% LTV and by 0.10% to 1.89% at 80% LTV, both with no fees.
Michelle Andrews, HSBC UK's head of buying a home, said: “While the purchase of properties has understandably slowed, time marches on for those who are on a fixed-rate deal.
“Many homeowners will have taken out their mortgage or remortgaged in the spring and their deal is now up for renewal, or they risk moving onto a higher standard variable rate mortgage.”
