HSBC cuts fixed mortgage rates by up to 0.11% as lenders keep trimming into September

HSBC reduced rates across its range by up to 0.11% from 1 September, with the largest cut on its two-year 60% LTV no-fee remortgage deal, now 4.83%. First-time buyer 95% LTV two-year fixes fell to 5.33%. Paragon, UTB and Newcastle also trimmed rates the same week, so the direction of travel is downward. These are moves of roughly 5 to 11 basis points, though — a modest easing rather than a meaningful shift in what buyers can afford.