HSBC  has reduced rates across its residential, buy-to-let (BTL), and international mortgage products.

According to the bank, it now offers more sub-4% rates than at any time since 2022.

The two-year fixed rate at 60% loan-to-value (LTV) has been decreased to 3.84% for remortgages. For premier customers, the equivalent product with a £999 fee is now available at 3.81%.

The lowest available purchase rate is 3.83% for premier customers and 3.86% for non-premier customers. These are based on a two-year fixed rate at 60% LTV with a £999 fee and represent a 0.05% reduction.

For remortgages, premier customers can access a rate of 3.81%, while non-premier customers are offered 3.84%. These are also two-year products at 60% LTV with a £999 fee.

The most competitive switcher rate stands at 3.74% for both two- and five-year terms at 60% LTV with a £999 fee for premier customers. Non-premier customers are offered the same terms at 3.79%.

Buy-to-let mortgage rates have also been reduced by up to 0.25%, and international mortgage rates have been lowered by up to 0.09%.

The lowest BTL rate is 3.74% for a two-year fixed at 60% LTV with a £3,999 fee. An alternative option is available at 3.99% with a £1,999 fee.

For international customers, the lowest rate available to premier clients is 4.23%, based on a two-year term at 60% LTV and a £999 fee. Non-premier customers are offered the same loan at 4.26%.

Earlier in the month, HSBC also introduced mortgage rate reductions of up to 0.25% on selected products. 

Source: Becky Bellamy, Mortgage Strategy