HSBC UK has announced a wide set of rate reductions across its residential and buy-to-let mortgage ranges.

The lender confirmed that two and five-year fixed rates have been cut across first-time buyer, home mover, remortgage and cashback products, as well as within energy-efficient home ranges for properties with A and B EPC ratings.

Products affected include fee saver, standard, high value and premier exclusive deals at 60%, 70% and 75% loan-to-value. Cuts apply on both two and five-year terms.

Buy-to-let customers will also benefit, with HSBC reducing rates for existing borrowers switching products or taking additional borrowing. Remortgage and energy-efficient buy-to-let products are included in the changes.

International residential and international buy-to-let ranges have also been repriced, with two- and five-year fixed rates at key LTV bands decreasing.

The bank stressed that its Premier mortgage rates remain available only to customers who hold a Premier current account, and reminded brokers that if the account is not open before submission, a standard range rate must be selected.