"These cuts will make getting on to or moving up the property ladder more affordable, possibly being the difference in a home buyer being able to afford the property of their dreams."
Fixed rate products have seen reductions of up to 15bps and tracker products have reduced by up to 40bps.
A five-year fixed rate remortgage product is now available at 0.94% up to 60% LTV with a £999 fee.
Elsewhere in the remortgage range, a two-year fixed rate at 75% LTV is available at 1.29% with no fee and a five-year fix starts at 1.14% with a £999 fee.
Those wishing to move home or take their first step on the property ladder can take advantage of discounts up to 20bps.
Two-year fixed rates now start from 0.99% at 75% LTV, 1.59% at 85% LTV, and 1.94% at 90% LTV, all with a £999 fee.
Michelle Andrews, HSBC UK’s head of buying a home, said: “Buying a home or remortgaging with us has never been cheaper.
“These cuts will make getting on to or moving up the property ladder more affordable, possibly being the difference in a home buyer being able to afford the property of their dreams.”