HSBC UK has announced reductions of up to 0.15% across more than one hundred rates for both new and existing residential mortgage customers.
HSBC is also reducing rates on tracker mortgages by up to 0.10%, now available from 3.79% for existing customers and 3.84% for new customers. All HSBC tracker mortgages have no early repayment charges.
The lender will continue to offer cashback of up to £500 on a selection of its purchase products and has introduced cashback on selected two-year fixed rates.
In addition to the changes in its residential mortgage range, HSBC is also implementing reductions of up to 0.10% on its buy-to-let mortgage range.
Highlights of the new range include a mortgage switcher product, available at 4.84% on a two-year fix at 60% LTV with no fee.
For first-time buyers a 90% LTV five-year fixed rate with no fee has reduced by 0.10% to 4.94% with £500 cashback, with the £999 fee equivalent down 0.06% to 4.78%.
A remortgage two-year fixed rate at 60% LTV has reduced to 4.00% with no fee, and for home movers a 90% LTV five-year fixed rate is down to 4.94% with £500 cashback.
