HSBC UK has expanded its cashback bonus for new buyers, increasing the amount available from £700 to £2,000.
Cashback has also been introduced to the range for new buyers on products with an LTV of 60% to 75% and increased for an LTV of 80% to 95%.
New buyers who purchase a home with an A to B Energy Performance Certificate (EPC) can now receive total cashback between £1,000 and £2,000, while the FTB standard cashback will now range from £500 to £1,500.
The bank has reduced rates on more than 100 mortgage products by up to 0.12 percentage points for its refinancing and switching options.
FTB cashback options include a five-year standard £999 fee, 95% LTV at 4.77% with £1,500 cashback, up from £350 cashback previously and a five-year EEH £999 fee at 95% LTV at 4.77% with £2,000 cashback, up from £700 cashback previously.
In addition, cashback has been introduced on FTB premium rates for the first time.
HSBC’s two-year remortgage free at 60% LTV has been reduced by 0.12% to 3.99%, its two-year 60% LTV remortgage with a £999 fee has been reduced by 0.07% to 3.71% and its five-year 60% LTV remortgage with a £999 fee has been reduced by 0.03% to 3.80%.
Meanwhile, the flagship two-year loan with a 60% LTV and a £999 fee has been reduced by 0.07% to 3.68%.
Oli O’Donoghue, head of mortgages at HSBC UK, said: “We are absolutely focused on supporting customers to best manage the costs of buying a home, while remaining committed to responsible, sustainable lending.”
The announcement builds on HSBC UK’s recent changes to increase lending limits.