HSBC UK has cut rates on 19 products above 80% loan-to-value.
After being cut by 0.30% the lender’s 90% LTV 5-year fix has a rate of 2.44% with a £999 fee.
Meanwhile its 90% LTV 2-year fix has been cut by 0.15% to 2.19% with no product fee, while its 85% LTV 3-year fix has been reduced by 0.10% to 1.99% with no fee and 1.69% with a £999 fee.
HSBC has also cut 60% LTV 10-year fixes by 0.10% to 2.49%.
Tracie Pearce, HSBC UK’s interim head of retail products, said: “The housing market is still moving, despite it being a difficult time of year. Ensuring first-time buyers have good deals available to them will be key in building momentum as we head into Spring.
“We are pleased to make getting on the housing ladder more affordable for those with a smaller deposit, by cutting 19 mortgage rates at 80% LTV and above. Overall we have cut 2.65% off our interest rates across our range.”