HSBC has released details of its rate cuts on residential and buy-to-let (BTL) deals, including product transfer, remortgage and first-time buyer products.

Reductions have been applied across our two- and five-year fixed repayment mortgages, with reductions of up to 0.16% on the lender’s residential ranges for first-time buyers and home movers and up to 0.35% on its BTL ranges.

The lender’s lowest product remains the 60% loan-to-value (LTV) five-year residential mortgage, which is offered at 3.84%.

The changes means HSBC will also be offering 3.99% on its 70% and 75% LTV five-year residential mortgage ranges.

HSBC has also made further reductions in the higher LTV ranges offering 4.29% on our 80% LTV five-year residential mortgage.

A HSBC spokesperson says this cut is “to further support those customers with smaller deposits and helping to make homeownership more accessible across a broader range of lending tiers”.

The spokesperson adds: “Our priority is to empower our customers with the financial tools they need to achieve their dreams. We’re committed to providing competitive rates, ensuring that our customers can secure the homes they want with even greater affordability.”