HSBC will this week join two other major financial institutions in cutting mortgage rates across a wide range of products.
The high street bank will reduce mortgage and landlord loans for two, three, five and 10 year terms from Monday (6 January), reducing the loan amount by 60% to 95%, but the reduction is Details will not be disclosed. . 
This follows news this week that Halifax will cut interest rates by up to 35 basis points, while Leeds Building Society will cut rates by up to 21 basis points.
Nicolas Mendez, Mortgage Technical Manager at John Charcol, said:
“The changes come at a crucial time, as many prospective movers begin to re-plan their plans for next year after the festive period, and first-time buyers look to act quickly to get ahead of the stamp duty changes.
“Today’s rate cuts span a wide range of products, including options for switching existing home customers, top-up borrowing, first-time buyers, moving and even energy-efficient homes.
“These reductions, which target loans with fixed terms of two to 10 years and up to 95% to value, reflect HSBC’s efforts to remain competitive and reach a diverse customer base. .
“We are broadening our appeal to include buy-to-let investors and overseas customers.”
