HSBC has introduced premier only two- and five-year fixed fee paying and fee saver buy-to-let (BTL) products at 60%, 65%, 75% and 80% loan-to-values (LTVs) across our purchase, remortgage and existing customer range.

The lender is also reducing the cashback amount on its first-time buyer, homemover and remortgage residential energy efficient homes range.

Elsewhere, Newcastle Building Society has reduced its mortgage standard variable rate (SVR) by 0.19% to 6.75%, effective 1 April.

The change will impact residential, self-build and BTL customers with products linked to the lender’s SVR, on properties in England, Scotland, Wales and Northern Ireland, resulting in lower mortgage repayments for SVR borrowers.

The reduction reflects a change in market conditions and lending costs.

Newcastle Building Society chief customer officer Michael Conville says: “We’re pleased to reduce mortgage repayments for our Standard Variable Rate borrowers by cutting our residential SVR.”

“As a customer-owned organisation, maintaining a competitive SVR is an important way we create value for our members and deliver on our commitments to our intermediary partners and their clients.”