HSBC cuts mortgage rates

HSBC UK

HSBC has also introduced a high-value mortgage range with minimum loan sizes of £2 million with a £1,999 booking fee

HSBC has reduced pricing by as much as 0.16% on two- and five-year fixes for residential homemovers and first-time buyers, and has made cuts of up to 0.25% on buy-to-let mortgage rates.

HSBC’s lowest rate within its residential range is its five-year fix at 60% loan to value with a £999 fee, which is now priced at 3.83% for remortgage.

At 70% and 75% loan to value, corresponding options have rates of 3.99%.

The two-year fixed remortgage at 60% loan to value and with a £999 fee has been reduced by 0.05% to 4.14%.

For purchase and homemover customers, HSBC has lowered a five-year fixed rate deal at 85% loan to value with a £999 fee by 0.08% to 4.16%. This product has £350 cashback.

Across its FTB range, a five-year fix at 80% loan to value and the equivalent deal at 90% loan to value have both been reduced by 0.03% to rates of 4.16% and 4.54% respectively. Each product has a £999 fee and £350 cashback.

For existing borrowers switching rates, HSBC has reduced the rates of five-year fixed deals at 60% loan to value and 85% loan to value by 0.08% to 3.74% and 4.16% respectively. These have a £999 fee.

Across its buy-to-let remortgage range, HSBC has lowered the rate of its five-year fix at 65% loan to value by 0.2% to 3.99% and the 75% loan to value option by 0.06% to 4.19%. The products come with a £1,999 fee.

HSBC has also introduced a high-value mortgage range with minimum loan sizes of £2 million with a £1,999 booking fee. These will be available across its homemover, FTB and remortgage ranges at 60%, 70% and 75% loan to value.

A spokesperson for HSBC said: We are happy to be able to offer further rate cuts across all our ranges. We are committed to providing some of the best mortgage options available and help empower customers with the financial tools needed to achieve their homeownership goals.

That’s why, from today, we are pleased to be introducing our new high-value mortgage range, catering to customers with higher lending needs. Our aim is to support every customer in finding the right mortgage solution, ensuring they benefit from competitive rates and a personalised service, no matter the size of their loan, the spokesperson said.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Getting Money Wise. The information provided on Getting Money Wise is intended for informational purposes only. Getting Money Wise is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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