HSBC has lowered select residential and buy-to-let (BTL) rates by up to 0.45%, with sub-4% mortgages available.
HSBC said the residential and BTL changes come into force from today, with the full list of changes available here.
Within its residential purchase and homemover range, its five-year fixed rate at 60% loan to value (LTV) with a £999 fee has fallen by 0.25% to 3.99%.
Its three-year fixed rate with no fee at 60% LTV has gone down by 0.35% to 4.59%, and the 80% LTV has fallen by 0.05% to 5.09%.
Within the residential remortgage range, its five-year fixed rate at 60% LTV with a £999 fee has increased by 0.05% to 3.99%.
The lender’s 10-year fixed rate at 75% LTV with no fee has increased by 0.4% to 4.79%.
In its first-time buyer residential range, its five-year fixed rate at 60% LTV has been cut by 0.25% to 3.99%, and its three-year fixed rate at 80% LTV with £350 cashback has decreased by 0.04% to 4.74%. Both come with a £999 fee.
Within its BTL range, its two-year fixed rate at 75% LTV with £1,999 fee has fallen by 0.45% to 4.44%, and its five-year fixed rate with no fee at 60% LTV has been cut by 0.41% to 4.38%.
An HSBC UK spokesperson said: “There are a number of factors that are taken into account when setting mortgage rates. Over recent months, we have continually reduced hundreds of mortgage rates, in addition to cutting the rates on over 50 residential mortgages by up to 0.35% today. We have also cut dozens of BTL rates today by up to 0.45%.
“However, there have also been increases this week to residential mortgages. We continue to keep our rates under review and we are pleased to have maintained our sub-4% offers on our residential ranges.”
HSBC has lowered rates twice earlier this year, including at the start of the year and midway through January, and it has increased the maximum LTV for its part and part mortgage loan.
