The lender has also reduced its five-year fixed rates up to 75 per cent loan to value by up to 0.11 per cent.
HSBC added that it had extended cashback to include £250 on two-year trackers between 85 and 90 per cent LTV. It noted that this could help first-time buyers get on the property ladder.
Accord Mortgages cuts rates by up to 0.53 per cent
Accord Mortgages will reduce select rates in its residential range by as much as 0.53 per cent and has added a 10-year fixed rate product option.
Rate cuts include a five-year fixed rate at 75 per cent LTV which has fallen from 6.5 per cent to 5.7 per cent and a five-year fixed rate at 90 per cent LTV has decreased from 6.35 per cent to 5.9 per cent.
Both are subject to a £495 fee, with £500 cashback and standard valuation included, and are available for house purchase.
The lender’s five-year fixed rate at 85 per cent LTV the price has gone down from 6.15 per cent to 5.8 per cent. It comes with a £495 fee, £250 cashback, standard valuation and is also eligible for house purchase.
From tomorrow, the lender will cut selected product fees by £500 and introduce a 10-year fixed rate at 75 per cent LTV at 6.08 per cent.
Gemma Hyland, mortgage manager at Accord Mortgages, said: “We’re pleased to be able to make rate reductions on selected products across our residential mortgage range as part of our commitment to supporting the market.
“We’re sure these latest changes, including some lower fees, will be welcome news for brokers looking for good value for their clients.”
Clydesdale Bank relaunches select high LTV products
Clydesdale Bank has reintroduced a selection of higher LTV products for new customers and added product transfer options from today.
On the new customer side, this includes two and five-year fixed rates with £995 fee between 75 and 90 per cent LTV. Rates will start from 5.69 per cent.
On the product transfer side, 65 per cent LTV rate with £499 fee and fee saver options will be cut by 0.1 per cent and will start from 5.54 per cent.
