HSBC UK has reduced rates across multiple ranges by up to 0.30%, up to a maximum of 95% loan-to-value (LTV).

Notable residential reductions for first-time buyers and home movers include the bank’s 95% LTV 2-year fix, cut by 0.30% to 2.99%, with a £999 fee.

The fee saver option for this product has also been reduced by 0.30%, to 3.19%.

HSBC UK has also cut its 90% LTV 2-year fix by 0.30% to 1.99%, and its 85% LTV 2-year fix by 0.20% to 1.74%. Both deals include a £999 fee.

For remortgage customers, the lender has reduced its 90% LTV 2-year fix by 0.15% to 2.14%, with a £999 fee, the fee saver option has been cut by 0.05% to 2.44%.

The 85% LTV 2-year fix has been reduced by 0.15% to 1.74%, with a £999 fee, the fee saver option has also been reduced by 0.05%, to 2.14%.

On the buy-to-let (BTL) range, rate reductions up to 0.15% on fixed term deals have been made, available to both purchase and remortgage customers.

Michelle Andrews, head of buying a home at HSBC UK, said: “I am pleased to confirm that we have introduced differential pricing by buyer type which will enable us to be more dynamic in our approach to help more customers, whether this be taking their first step on the property ladder or looking to remortgage their existing property for a lower monthly cost.”

“Also, by expanding our mortgage range and moving away from a ‘one size fits all’ approach to mortgage rates, existing customers will also be able to benefit from enjoying the very best of our mortgage rates through our Switcher range of products.”