This will include its UK residential existing customer switching, existing customer borrowing more, remortgage, first-time buyer and homemover deals, as well as options for efficient homes and those with cashback.
Rate cuts will apply to selected two- and five-year fixes up to 95% loan to value (LTV).
For BTL borrowers, HSBC will lower purchase and remortgage product rates, as well as switching and borrowing more pricing.
Reductions will also be made to international residential remortgage and BTL rates.
Last week, HSBC increased its loan-to-income (LTI) multiple to 6.5 times for Premier borrowers.
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TSB lowers mortgage rates
TSB has also announced rate cuts that will come in on 11 November, across residential and BTL mortgages.
This will include house purchase, remortgage, shared ownership, product transfer and additional borrowing rates, with reductions of up to 0.25%.
The largest cut will be made to TSB’s residential one-year fixed product transfer mortgages.
Zephyr Homeloans cuts BTL pricing
Zephyr Homeloans has made rate cuts across its specialist BTL mortgages, available from 10 November.
Now, its two-year fixed standard mortgage available up to 75% LTV with a 7% fee is priced at 2.39%, and the corresponding five-year fix has a rate of 4.34%.
All its fixed rates have been reduced by 0.1%, and the changes come after the lender amended how it assessed valuations on flats above commercial and other properties near commercial. As of 6 November, Zephyr Homeloans will put more emphasis on rentability rather than just saleability or mortgageability.
Further, the lender launches a new product range and criteria for large house in multiple occupation (HMO) and multi-unit freehold block (MUFB) properties with up to 12 bedrooms or units, with rates from 2.99% on a two-year fix and 4.84% on a five-year fix.
NatWest launches 11 BTL deals
NatWest has released 11 BTL products on two- and five-year fixed terms for purchase and remortgage.
From 11 November, this will include a two-year fixed purchase product at 75% LTV with a £3,999 product fee and a rate of 3.43%.
There are also five-year fixes at the same tier, with an option with a fee of £3,999 and rate of 3.9%, a rate of 3.8% with a £4,999 fee, and pricing of 3.7% with a £5,999 fee.
NatWest has also added a two-year fixed remortgage with a £3,999 fee and a rate of 3.33% at 65% LTV.
The five-year fixed options include a product at 60% LTV with a £3,999 fee and 3.75% rate, an equivalent with a £4,999 fee and 3.65% rate, and another deal with a £5,999 fee and 3.55% rate.
At 75% LTV, five-year fixed remortgages include a product with a £3,999 fee and 3.93% rate, a £4,999 fee and 3,83% rate, and a £5,999 fee and 3.73% rate.
