HSBC has made cuts across over 100 of its residential and buy-to-let (BTL) range and brought in £250 cashback for certain two-year fixes at 80% LTV to 90% LTV.

Residential rates have received reductions of up to 15 basis points and BTL rates by up to 10 basis points.

The lender has also reduced its tracker rates by up to 10 basis points.

Highlights of these rate changes include the 90% LTV five-year fix with no fee and £500 cashback for first-time buyers being cut by 10 basis points to 4.94%.

Meanwhile, the 60% LTV two-year fix with no fee for switchers has received a 15 basis point cut, putting it at 4.84%.

And the 90% LTV five-year fix with £500 cashback for home movers has been cut by 10 basis points, to 4.94%, while the 60% LTV two-year fix with no fee remortgage has been reduced by 10 basis points, to 4%.