HSBC has cut rates by as much as 30 basis points across its 80% loan to value to 95% LTV deals for first-time buyers, home movers and those looking to remortgage.

The high street bank adds that switcher rates for existing customers have been reduced by up to 30 basis points and 0.10 basis points on two and five-year fixed rate deals, respectively.

Home purchase highlights include:

A two-year 95% LTV, with a £999 fee at 2.69%, reduced by 0.30%.

A two-year 95% LTV, with no fee at 2.89%, reduced by 0.20%.

A two-year 90% LTV, with no fee at 2.09%, reduced by 0.15%.

A five-year 90% LTV, with no fee at 2.74%, reduced by 0.10%.

A two-year 85% LTV, with a £999 fee at 1.49%, reduced by 0.10%.

A five-year 85% LTV, with no fee at 2.24%, reduced by 0.10%.

And a two-year 80% LTV, with no fee at 1.74%, reduced by 0.10%.

Remortgage highlights include:

A two-year 90% LTV, with a £999 fee at 2.09%, reduced by 0.10%.

A two-year 85% LTV, with no fee at 1.89%, reduced by 0.10%.

And a two-year 80% LTV, with no fee at 1.84%, reduced by 0.05%.

HSBC head of buying a home Michelle Andrews says: “These reductions of up to 0.30% will provide cheaper rates for those with a lower deposit, which could mean they make a real saving whether moving onto or up the property ladder or if they have a fixed rate deal coming to an end.”