HSBC UK is reducing rates across a wide range of residential and buy-to-let mortgage products, with the changes coming into effect from Tuesday 11 November.

The new pricing will apply to both new borrowers and existing customers switching or borrowing more. It includes reductions on two-, three-, five- and 10-year fixed rates across several loan-to-value (LTV) tiers, with some cuts extending up to 95% LTV on selected residential products.

For residential borrowers, rate reductions will affect first-time buyer, home mover and remortgage ranges, including energy-efficient home products for A- and B-rated properties.

The changes cover both Fee Saver and Standard options, as well as the lender’s Premier Exclusive range for eligible current account holders.

Buy-to-let customers will also benefit from lower rates on purchase, remortgage and existing customer switch products, again spanning the 60%, 65% and 75% LTV tiers. The reductions include both Fee Saver and Standard deals, with energy-efficient BTL options also repriced.

Brokers have until midnight on Monday 10 November to submit applications on existing rates, with updated sourcing systems reflecting the new pricing the following day.

HSBC said the latest update reflects its ongoing commitment to offering competitive rates in a changing market. No other product or policy changes are being introduced at this time.