This includes the bank’s Mortgage Guarantee Scheme rates at 95% LTV.
The cuts mean HSBC will offer a sub-1% mortgage product for the first time in almost five years, in addition to re-introducing a 3-year fixed rate option.
Notable amendments include the 60% LTV 2-year fix cut by 0.05% to 0.99%, and the 60% LTV 3-year fix cut from 1.34% to 1.14%; both offers include a £999 fee.
Within the lender’s Mortgage Guarantee Scheme offers, the 95% LTV 2-year fix has been cut by 0.20% to 3.79%, or including a £999 fee, by 0.15% to 3.59%.
Michelle Andrews, head of buying a home at HSBC UK, said: “The housing market really is moving, with both purchase and remortgage activity on the rise.
“Those who are currently looking at moving onto or up the property ladder, and those who have a fixed rate deal coming to an end, can take advantage of some of the lowest rates we have offered for a while.
“For the first time in almost five years we have a sub-1% mortgage, and we are also reintroducing our 3-year fixed rate option, with many rates lower than when we last offered them in July 2020.
“The longest day of the year is almost upon us, and while people will have more daylight in which to view their first property, their next property or their forever home, they will be able to do so with the backdrop of some fantastic mortgage deals, making their purchase or remortgage much cheaper.”
