HSBC has announced a series of changes to its mortgage products, effective from Wednesday, 22nd March 2023.
The bank has reduced cashback incentives for its 3- and 5-year fixed rate fee saver offerings within its first-time buyer range at select loan-to-values (LTVs).
Additionally, cashback incentives have been removed from the 2- and other 3-year fixed rate fee saver offerings in the first-time buyer and home mover ranges at select LTVs until further notice.
Interest rate changes have been made across various mortgage categories, including its residential existing customer switching range, residential existing customer borrowing more range, residential first-time buyer range, residential home mover range, residential remortgage range, and international residential range.
These changes affect a wide range of LTV ratios and have resulted in both reductions and increases in interest rates.
An updated mortgage rate sheet will be published today to reflect the changes.
