HSBC has returned to the market after repricing its suite of mortgage products. After a brief hiatus in new lending last week, the lender reopened for business for a short period on Friday. Now, as of Monday, 12th June 2023, HSBC has returned with a revised range of offerings.
The most noteworthy change is the adjustment of the Buy to Let Standard Variable Rate, which has risen from 7.10% to 7.35%. In contrast, the Residential Standard Variable Rate will remain unchanged.
Furthermore, existing customers, first-time buyers, home movers, and those looking for remortgaging options will see changes to the 2-, 3-, 5-, and 10-year Fixed Fee Saver and Standard rates. Depending on the loan-to-value (LTV) ratio, which ranges from 60% to 95%, these rates have increased across all categories.
Buy-to-let customers will also see modifications in the two and five-year Fixed Fee Saver and Standard rates for purchasing, remortgaging, and existing customer switching and borrowing range. These adjustments are applicable to LTV ratios of 60%, 65%, and 75%.
On the international front, customers seeking 2-, 3-, 5-, and 10-year Fixed Fee Saver and Standard rates will also see increases at LTV ratios of 60%, 70%, and 75%. The 5-year Premier Exclusive rates have also increased for these LTV ratios.
HSBC has clarified that there will be no other changes to interest rates at this time. Further details are available on the HSBC website.
