HSBC is the latest lender to announce significant reductions in its mortgage products, effective from today.
The changes apply to a range of residential and buy-to-let products.
For existing residential customers switching their mortgage, reductions apply to 2-year fixed fee saver products at 60%, 70%, 75%, 80%, 85%, 90%, and 95% loan-to-value.
The 2- and 3-year fixed standard products at 60%, 70%, 75%, 80%, 85%, and 90% LTV will also see lower rates.
Customers opting for 3- and 5-year fixed fee saver products at 80%, 85%, 90%, and 95% LTV or 5-year fixed standard mortgages at 80%, 85%, and 90% LTV will also benefit.
Those borrowing more on existing residential mortgages will see similar reductions across 2-year fixed fee saver products at 60%, 70%, 75%, 80%, 85%, and 90% LTV.
Lower rates will also be offered for 2- and 3-year fixed standard products at the same LTV brackets. There are reductions for 3- and 5-year fixed fee saver mortgages at 80%, 85%, and 90% LTV.
For first-time buyers and home movers there are reductions in 2- and 5-year fixed fee saver and standard products at 60%, 70%, 75%, 80%, 85%, 90%, and 95% LTV.
On high-value mortgages, rate decreases apply to 60%, 70%, and 75% LTV brackets. Premier exclusive products are similarly reduced at 60%, 70%, 75%, 80%, 85%, and 90% LTV.
Loans on properties with an Energy Performance Certificate rating of A or B will also see reduced rates across 2- and 5-year fixed fee saver and standard mortgages, covering LTV brackets from 60% to 95%.
Cashback remortgage options, including energy-efficient home products, are part of the revised rates for the same LTV brackets.
And for buy to let borrowers, reductions include 5-year fixed fee saver products at 60% LTV for existing customers.
International BTL customers will benefit from reductions in 2-year fixed fee saver and standard products at 60%, 65%, and 75% LTV, as well as 5-year fixed fee saver products at 65% and 75% LTV.
HSBC also plans to review its mortgage switch window, aiming to restore it to 90 days by the end of this month.