The changes hope to save customers, including first-time buyers and those remortgaging, hundreds of pounds.
HSBC UK has set new pricing across its range of LTVs.
The changes hope to save customers, including first-time buyers and those remortgaging, hundreds of pounds.
Following a price refresh on 31 January, the bank has reduced fixed rate mortgages further by up to 0.15% across 37 of its mortgages.
Highlights include a 3-year fixed rate at 60% LTV and £999 fee seeing a reduction of 0.10% to 1.34%.
There will also be a 0.10% reduction in the 2-year fixed rate at 90% LTV which is fee free and the £999 fee-paying equivalent reduced by 0.05% to 1.74%.
These are the lowest these rates have been since 2018.
Michelle Andrews, head of buying a home at HSBC UK, said: “While we are seeing green shoots in the parks and in our gardens, we are also seeing signs of green shoots in the housing market.
"Recent Bank of England data has shown mortgage approvals being at their highest level for a couple of years and a Royal Institute of Chartered Surveyors (RICS) report showing sales expectations are positive, both show the housing market is moving.
“We are continually looking at ways to provide great value and service to our customers.
"Whether that is chipping away at our ‘time to offer’ a mortgage by making our processes slicker - reducing it significantly over the last two years to 10 days on average across all of our channels today, increasing the reach of our mortgages by making them available through more brokers, or making borrowing cheaper when we can, we are proud to be supporting the housing market and helping those green shoots thrive.”
