HSBC has cut rates on its home purchase, remortgage and landlord ranges for new and existing customers by up to 35 basis points.  

The high street bank says it now offers more than 20 products under 5.00%.  

Highlights of the lender’s reductions include:  

Residential purchase/Home mover  

• Two-year 60% loan to value at 4.98%, with a £999, down by 16bps  
• Five-year 60% LTV at 4.59%, with a £999 fee, down by 10bps  
• Two-year 85% LTV at 5.74%, with no fee, down by 14 bps  

Residential remortgage  

• Two-year 60% LTV at 5.14%, with a £999 fee, down by 13bps  
• Five-year 60% LTV at 4.99%, with no fee, down by 21bps  

Buy-to-let remortgage:  

• Two-year 60% LTV at 5.34%, with a £1,999 fee, down by 10bps  

Existing customer switching — residential  

• Five-year 60% LTV at 4.54%, with a £999 fee, down by 15bps  

An HSBC UK spokesperson said: “We are pleased to announce cuts to mortgage rates across all our UK residential and international mortgage ranges, and across our BTL range, for new and existing customers.   

“These changes mean there are now over 20 mortgage options under 5.00% for customers, the most we have offered under this level for five months.”