HSBC has returned to the market with new prices for residential and buy-to-let borrowers with rates that are on average 25 basis points higher.  

The range of the new rate rises — that include switching, first-time buyer and remortgage products – run between 5bps and 35bps.  

The changes to its deals for brokers will see a purchase two-year fixed fee saver 85% loan to value at 5.64%, rise by 20 bps.  

A remortgage five-year fixed-rate offer, with a £999 fee, at 60% loan to value at 4.88%, lift by 24bps.  

And an existing customer switching rate two-year fixed-rate deal, with a £999 fee, at 60% LTV at 4.99%, increased by 27bps.  

The move is the second time in a week the high street bank has raised its home loans in a fast-moving market, with swap rates rising on ‘higher for longer’ Bank of England base rate expectations after disappointing inflation figures late last month.    

The bank pulled a range of products at 5pm on Wednesday, saying it would come back the market a day later. The lender also pulled a range of home loans last Friday.

An HSBC spokesperson says: “Our focus remains been supporting our customers through current pressures and providing access to good deals.   

“However, over recent days cost of funds has been increasing and, like other banks, we have to reflect that in our mortgage rates.”   

Other notable rises the lender has introduced include:  

UK BTL existing customer switching range  

• Two-year fixed fee saver at 60%, 65% and 75% LTV have increased  
• Five-year fixed-rate standard at 60%, 65% and 75% LTV have increased  

UK BTL purchase range  

• Two-year fixed fee saver at 60%, 65% and 75% LTV have increased  
• Five-year fixed rate standard at 60%, 65% and 75% LTV have increased  

UK residential first-time buyer range  

• Two-year fixed fee saver at 60%, 70%, 75%, 80%, 85% and 90% LTV have increased  
• Five-year fixed standard at 60%, 70%, 75%, 80%, 85% and 90% LTV have increased