"We are following rate reductions just before Christmas with a further rate refresh"
The new sub-1% mortgages are available up to 60% LTV for both purchase and remortgage with a £999 fee. Amongst the products is a two-year tracker rate which has been reduced by 0.15% to 0.99%.
Elsewhere, 60% LTV five-year fixed rates for remortgaging have been reduced by 10bps and now start at 1.44% with a £999 fee or 1.59% fee-free.
Additionally, five-year fixed rates for purchase and first-time buyers have been lowered by 0.10% and are now available at 1.79% up to 85% LTV and 2.19% at 90% LTV, both with a £999 fee.
Reductions are also being made to HSBC's buy-to-let range which sees rates for purchase and remortgage borrowers reducing by up to 0.10%.
Michelle Andrews, HSBC UK’s Head of Buying a Home, said: “We are following rate reductions just before Christmas with a further rate refresh, where we are reducing our fixed rate mortgages by up to 0.1%, whilst our more flexible tracker deals are also being reduced across the range.
“By providing a sub-1% option for customers with a higher amount of equity and reducing higher LTV rates for house purchases, we are offering those wishing to refinance their existing home, or seeking their first or next move on the property ladder, access to highly competitive rates with the option to choose between more flexible deals or secure longer term payment security.”
