HSBC UK has reduced mortgage rates across parts of its residential and buy-to-let range, with cuts of up to 25bps.

The changes span first-time buyer, home mover and buy-to-let products, with some of the larger reductions focused on landlord borrowing and higher loan-to-value deals.

Among the headline residential changes, HSBC has cut its two-year fixed purchase deal at 60% loan-to-value with a £999 fee to 4.65%, down 15bps, while its equivalent 75% loan-to-value product has been reduced by 16bps to 4.76%.

The lender has also lowered a two-year fixed purchase mortgage at 85% loan-to-value with no fee to 5.10%, down 16bps. Its five-year fixed purchase product at 90% loan-to-value with a £999 fee has fallen by 17bps to 5.06%.

For first-time buyers, HSBC has reduced its five-year fixed deal at 60% loan-to-value with a £999 fee to 4.89%, down 14bps. The no-fee version at the same loan-to-value has been cut by 15bps to 4.99%.

Its five-year fixed first-time buyer mortgage at 85% loan-to-value with a £999 fee now stands at 5.04%, down 13bps. A Premier five-year fixed first-time buyer product at 60% loan-to-value with a £999 fee has been reduced by 14bps to 4.86%.

HSBC is continuing to offer enhanced cashback on energy efficient homes across selected products. On the first-time buyer range, standard cashback of £500 or £750 rises to £1,000 or £1,500 on eligible homes, depending on the product.

Within the purchase range, the lender is also offering enhanced cashback on certain higher loan-to-value products, including a two-year fixed mortgage at 85% loan-to-value and a five-year fixed deal at 90% loan-to-value.

In the buy-to-let sector, HSBC has made some of its biggest pricing reductions on purchase business. Its two-year fixed buy-to-let purchase mortgage at 80% loan-to-value with a £1,999 fee has been cut by 22bps to 5.57%, while the no-fee version has fallen by 25bps to 5.99%.

For buy-to-let remortgages, the lender has reduced its two-year fixed product at 75% loan-to-value with a £1,999 fee to 4.83%, down 11bps. The corresponding no-fee product has been lowered by 16bps to 5.23%.

HSBC has also cut its five-year fixed buy-to-let remortgage at 80% loan-to-value with no fee by 25bps to 5.99%.

The lender said energy efficient homes qualifying for its buy-to-let range would attract £350 cashback across the products listed.