HSBC said the resilience of the first-time buyer market was also reflected in higher loan-to-value (LTV) lending, with applications for mortgages above 90% LTV falling by just 6% compared with the previous quarter.
The funding will support plans to develop 1,000 homes in the next three years, adding to an existing portfolio of 13,200 properties.
The lender said the cuts are designed to support first-time buyers, home movers and remortgage customers, with reductions applying across a broad range of loan-to-value (LTV) bands.
HSBC will reduce rates across a wide range of residential and buy-to-let mortgages from Monday 22nd June, including products for first-time buyers, home movers, remortgage customers and existing borrowers.
Emma Wilks noted that while Q1 2026 saw some economic improvement, this was "deja vu for us economists."
The new rates apply to both residential and buy-to-let (BTL) products, with the current residential SVR at 6.24% and the Bank of England base rate at 3.75%.
According to HSBC UK, the technology is designed to reduce delays and uncertainty often associated with remortgage cases.
The lender has reduced a number of tracker mortgage products by 0.30%, including its 2-year 60% loan-to-value (LTV) tracker product.
The latest repricing spans products for first-time buyers, home movers, remortgage customers and buy-to-let (BTL) landlords.
HSBC will reduce rates across a wide range of residential and buy-to-let mortgages from 23rd April, covering first-time buyers, home movers and remortgage customers.
The changes apply to first-time buyer (FTB), home mover and remortgage products, with 2- and 5-year fixed rates reduced across multiple loan-to-value (LTV) tiers.
The funding will help Plus Dane maintain investment in its current homes and meet growth plans.