HSBC UK will reduce a broad selection of fixed mortgage rates for new and existing borrowers from 1 September, while raising several tracker rates.

The changes cover products for first-time buyers, home movers and remortgage customers, including fee-saver, standard, high-value mortgage and Premier deals.

Among its first-time buyer products, HSBC will lower its two-year fixed fee-saver rate at 95% loan-to-value and several five-year fixed rates at 60% LTV.

Home movers will see reductions to two-year fixed products at up to 95% LTV and five-year fixes at up to 95% LTV. The lender is also cutting selected Premier rates.

Equivalent changes will be made to HSBC’s energy-efficient home ranges for properties with an EPC rating of A or B.

For remortgage borrowers, selected two-year fixed rates at 60% and 90% LTV will fall, alongside five-year fixed products at 60%, 70% and 75% LTV. Similar reductions will apply to cashback and energy-efficient remortgage products.

However, HSBC will increase two-year standard tracker rates at 70% and 75% LTV in its main remortgage range. Two-year high-value mortgage trackers at the same LTV bands will also rise, as will selected trackers in its energy-efficient and international ranges.

Existing customers switching products or borrowing more will receive reductions across selected two-year, three-year and five-year fixed deals. These include two-year standard and Premier products at LTVs ranging from 60% to 85%.

The international residential and remortgage range will also receive cuts to selected two-year and five-year fixed products at up to 75% LTV, although two-year term trackers at 70% and 75% LTV will increase.

HSBC said there would be no other interest rate changes at this time. Its Premier mortgage rates are available only to existing HSBC Premier current account holders.

Applications using existing product codes must be submitted in full by midnight on 31 August. Supporting documents must then be supplied within 30 calendar days.

The lender’s product finder and mortgage sourcing systems will be updated on 1 September.