This will include rates for existing residential borrowers either switching or borrowing more on two-, three- and five-year fixed terms at 60-75% loan to value (LTV).
HSBC has also reduced selected high-LTV first-time buyer and homemover rates and high-LTV pricing for energy-efficient homes.
This includes a fee-free two-year fixed residential product at 90% LTV, which now has a rate of 4.59%, and the option with a £999 fee at 4.28%, following a cut of 0.12%.
There is also a fee-free two-year fix at 95% LTV, which has gone down by 0.05% to 4.94%, and a five-year fix at 90% LTV with a £999 fee, which has reduced from 4.39% to 4.29%.
The bank has made cuts to BTL purchase, switching and borrowing more, and remortgage product rates. This includes a five-year fix at 60% LTV with a £999 fee, which has gone down from 4.02% to 3.96%.
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Further, its three-year fix for international residential borrowers at 60%, 70% and 75% LTV will be lowered, as well as selected international BTL rates fixed for two and five years.
Earlier this month, HSBC also made cuts to selected residential and BTL offerings.
TSB adds high LTVs and cuts mortgage rates
TSB has also made changes to its mortgage offering, including the introduction of two- and five-year fixed rates for house purchase and shared ownership at 90-95% LTV. These products will have a £995 fee.
The lender is also lowering two-, three- and five-year fixed rates for house purchase with a £995 fee by up to 0.1%, while fee-free two- and three-year fixes for house purchase at 85-90% LTV will fall by 0.05%.
Reductions of up to 0.1% will be made to five-year fixes for house purchase at 60-75% LTV and 85-90% LTV with no fee.
Lastly, TSB’s two- and five-year fixed shared equity and shared ownership house purchase rates will go down by as much as 0.15%.
Changes will take effect from 23 July.
The Co-op Bank lowers resi rates
The Co-operative Bank for Intermediaries has announced rate reductions amid an “easing rate environment”.
Cuts of up to 0.19% have been made across products for new and existing borrowers.
This includes a two-year fix at 60% LTV with a £999 fee and a £250 cashback option, which is priced at 4.1%.
The corresponding three-year fix has a rate of 4.06%.
Fred Sharp, director of intermediary distribution at The Co-operative Bank, said: “We’re seeing signs that the market is steadily improving and we’re responding with positive changes to our product range.
“Whether purchasing a home or refinancing an existing loan, it’s a great time for brokers to reconnect with clients and help them to take advantage of these new deals”.
Principality BS tweaks pricing
Principality Building Society has made reductions and increases to its mortgage rates.
Its five-year fixed Help to Buy Wales product at 75% LTV has been reduced by 0.15%, and its fee-free two-year fixed holiday let product at 60% LTV has been cut by the same amount.
Elsewhere, increases of up to 0.22% have been made to its residential products, fixed for two or five years, up to 95% LTV.
The mutual has also upped residential rates with cashback at 65-80% LTV by up to 0.11%, and joint borrower sole proprietor (JBSP) rates by 0.1%.
Its shared ownership rates at 95% LTV have gone up by as much as 0.12%.
Increases of up to 0.12% have also been made to selected five-year fixed BTL and holiday let rates.
These changes will go live on 23 July.
