For existing customers switching, rates have been cut by as much as 0.35 per cent. This includes two, three and five-year fixed rate terms, and both fee-saver and standard deals.
Rates have been reduced by up to 0.18 per cent for new customers.
The lender has also added three and five-year fixed terms to give greater choice to those “looking for mortgage stability”.
Three-year fixed rates between 60 per cent to 90 per cent LTV with cashback up to £500 have been introduced in its residential first-time buyer, remortgage and home mover customers.
They are also available for international residential existing and new business customers between 60 and 75 per cent LTV.
Three-year fixed rate at 60 per cent LTV with £999 fee starts from 4.29 per cent.
HSBC has introduced 10-year fixed rate range, both with stand and fee-saver options, to its residential existing customers switching and borrowing more and remortgage between 60 and 80 per cent LTV.
New sub-4% deals for 10-year fixes
International residential existing and new business customers can access 10-year fixed rates between 60 and 75 per cent LTV.
Rates for 10-year fixed rate at 60 per cent LTV with £999 fee start from 3.89 per cent.
The ban has also upped the number of fee-saver mortgages with cashback offer, offering £750 cashback to first-time buyers. This applies to all five-year fixed rate fee-saver mortgages in the range.
The lender has also added up to £500 cashback for home movers on fee-saver deals.
Michelle Andrews, HSBC UK’s head of buying a home, said: “Providing customers with more options for the length of a fixed rate mortgage will help provide certainty on how much their mortgage will cost over two, three, five or 10 years.
“They will know what their monthly mortgage payments will be, plus it gives them greater flexibility on finding a mortgage option that suits their budget.”
She added: “We are also providing higher cashback, of up to £750 for first-time buyers, which might be particularly welcome to cover some costs relating to their move or to help them put their own stamp on their new home.”
