HSBC said the residential and BTL changes come into force from today, with the full list of changes available here.
Within its residential purchase and homemover range, its five-year fixed rate at 60 per cent loan to value (LTV) with a £999 fee has fallen by 0.25 per cent to 3.99 per cent.
Its three-year fixed rate with no fee at 60 per cent LTV has gone down by 0.35 per cent to 4.59 per cent, and the 80 per cent LTV has fallen by 0.05 per cent to 5.09 per cent.
Within the residential remortgage range, its five-year fixed rate at 60 per cent LTV with a £999 fee has increased by 0.05 per cent to 3.99 per cent.
The lender’s 10-year fixed rate at 75 per cent LTV with no fee has increased by 0.4 per cent to 4.79 per cent.
In its first-time buyer residential range, its five-year fixed rate at 60 per cent LTV has been cut by 0.25 per cent to 3.99 per cent, and its three-year fixed rate at 80 per cent LTV with £350 cashback has decreased by 0.04 per cent to 4.74 per cent. Both come with a £999 fee.
Within its BTL range, its two-year fixed rate at 75 per cent LTV with £1,999 fee has fallen by 0.45 per cent to 4.44 per cent, and its five-year fixed rate with no fee at 60 per cent LTV has been cut by 0.41 per cent to 4.38 per cent.
An HSBC UK spokesperson said: “There are a number of factors that are taken into account when setting mortgage rates. Over recent months, we have continually reduced hundreds of mortgage rates, in addition to cutting the rates on over 50 residential mortgages by up to 0.35 per cent today. We have also cut dozens of BTL rates today by up to 0.45 per cent.
“However, there have also been increases this week to residential mortgages. We continue to keep our rates under review and we are pleased to have maintained our sub-four per cent offers on our residential ranges.”
HSBC has lowered rates twice earlier this year, including at the start of the year and midway through January, and it has increased the maximum LTV for its part and part mortgage loan.
