HSBC UK has lowered rates across a host of mortgage products, including some of its higher-LTV offerings.

The 90 per cent LTV two-year fix with zero fee has received a 0.40 per cent cut, moving it to 3.59 per cent and the 90 per cent LTV five-year fix with zero fee has had 0.40 per cent cut as well, meaning its rate is now set at 3.74 per cent.

Meanwhile, the 70 per cent LTV and 75 per cent LTV two-year tracker rates are now set at 1.69 per cent, having had a 0.40 per cent cut too, while the 60 per cent LTV two-year fix with £999 fee has been reduced by 0.05 per cent, giving a rate of 1.19 per cent.

The 75 per cent LTV five-year fix with £999 fee is now at 1.64 per cent, the lender adds.

HSBC UK head of buying a home Michelle Andrews says: “Despite the obvious challenges, the housing and mortgage markets are quite lively.

“This rate cut by us, with eleven mortgages reduced by 0.30 per cent or 0.40 per cent, including those at 90 per cent LTV, means getting onto or up the property ladder with HSBC UK, has become more affordable.”