HSBC has made a series of cuts to its higher-LTV products, for both purchase and remortgage.
For purchase, at 95% LTV the two-year fix with zero fee has been cut by 10 basis points to 2.79% and, at 90% LTV, the two-year fix with zero fee has received a 10 basis point cut that sees the rate move to 1.99%.
At 85% LTV, the two-year fix with £999 fee has been reduced by 10 basis points too, bringing the rate to 1.39%.
In the remortgage range, the 85% LTV five-year fix with £999 fee has had 10 basis points removed to 1.99% and the 80% LTV two-year fix, also with £999 fee, has had 15 basis points taken off, which gives a new rate of 1.39%.
HSBC head of buying a home Michelle Andrews says: “These changes really put a focus on higher LTV customers, with our new lower rates available to those looking to purchase, remortgage or switch rates.
“By cutting the cost of borrowing on over 30 mortgages at 80% LTV and higher, across two- and five-year fixed rate deals, we are offering some of the lowest rates currently available, whether coming to us via a broker, or direct.
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