HSBC UK has expanded its first-time buyer cashback incentive and increasing the amount available from £700 to £2,000.

Cashback has also been introduced across the first-time buyer range on 60% to 75% LTV products and has been increased for 80% to 95% LTV.

First-time buyers purchasing a property with an energy performance certificate (EPC) of A to B can now receive a total cashback between £1,000 and £2,000, while the FTB standard cashback will now range from £500 to £1,500.

The bank has decreased rates across more than 100 mortgage products by up to 0.12 percentage points across its remortgage and switcher options.

FTB cashback options include a five-year standard £999 fee 95% LTV at 4.77% with £1,500 cashback, up from £350 cashback previously and a five-year EEH £999 fee at 95% LTV at 4.77% with £2,000 cashback, up from £700 cashback previously.

In addition, cashback has been introduced on FTB premier rates for the first time.

HSBC’s remortgage two-year fee free at 60% LTV has been lowered by 0.12% to 3.99%, the two-year at 60% LTV with a fee of £999 has been cut by 0.07%  to 3.71% and the five-year at 60% LTV with a fee of £999 has been reduced by 0.03% to 3.80%.

Meanwhile, the bank’s premier two-year at 60% LTV with a fee of £999 has been cut by 0.07% to 3.68%.

HSBC UK head of mortgages Oli O’Donoghue says: “We are absolutely focused on supporting customers manage the cost of buying a home in the best way we can, while remaining committed to responsible, sustainable lending.”

The announcement builds on HSBC UK’s recent changes to increase borrowing limits.