Reductions apply to all two-year and five-year fixed rates across Keystone's ranges.

The lender has increased selected higher-LTV mortgage rates.

The Society has trimmed rates by 0.10%.

Average rates have fallen by up to 0.17% compared to last week.

Swap rates have been rising in recent weeks and concerns about persistent inflation is a key driver.

Own New, Retrofit Boost, shared ownership and remortgage rates are among those affected.

The average two-year fixed rate is still 0.23% higher than the five-year equivalent.

This is the first time HSBC has offered Premier customers an exclusive two-year fixed rate since 2019. 

The rate cuts impact both new purchase and remortgage three-year fixed rates.

Rates have reduced across residential, Right to Buy, and Deposit Unlock products.