HSBC has cut fixed rates across its buy-to-let mortgage range by up to 0.15%.

The high street bank added, where there is a fee-paying option and a feesaver option, it will remove the £349 product fee from its range, taking it to zero, including its BTL Tracker mortgage products.

The lender says these moves bring its BTL loans into line with its “‘standard’ mortgage range.”

The rate changes, which come into force today (24 June), include:

A 60% loan-to-value five-year fixed-rate loan, with no fee, reduced by 0.15% to 2.09%.

A 60% LTV two-year fixed-rate product, with a £1,999 fee, down by 0.15% to 1.39%.

A 75% LTV two-year fixed-rate mortgage, with a £1,999 fee, cut by 0.15% to 1.64%.

And a 75% LTV five-year fixed-rate, with no fee, reduced by 0.10% to 2.29%.

HSBC UK head of buying a home Michelle Andrews says: “With a significant increased demand for rented properties, the BTL market has seen a sharp bounce back in recent months.

“With many people having changed their priorities during the Covid crisis and looking to move out of cities into new areas, renting is a great ‘try before you buy’ option, which is feeding BTL demand.

“We are lowering all rates in our BTL range in addition to removing our £349 product fee, which will make mortgaging or remortgaging with HSBC UK significantly cheaper for amateur landlords.”

Earlier this week, HSBC cut rates across its mortgage range by up to 0.20%, leading to a sub-1% offering.