HSBC has announced changes across its residential and buy-to-let (BTL) mortgages which will be effective from tomorrow (28 March).

Rates are being reduced on a variety of products for existing borrowers, first-time buyers and movers, remortgagers, existing and new BTL customers and international residential customers.

For existing residential customers looking to switch or borrow more, cuts are being introduced on two, three and five-year fixed mortgages, including the fee saver, standard and premier exclusive mortgages.

This is applicable across a range of loan-to-values from 60% to 90%, depending on the product.

Those looking to buy for the first time, or move home, can expect reductions on the 90% LTV two-year fixed standard mortgage. For the five-year fixed fee saver, reductions are coming on the 60%, 70%, 75%, 80%, 85% and 90% LTVs.

Similar reductions are being introduced for BTL customers. This follows 0.30% cuts on most of HSBC’s BTL and international mortgages earlier this month.