With effect from tomorrow, Wednesday 1st November, HSBC will be making a number of changes to its residential and buy-to-let (BTL) mortgage product ranges.
The lender will reintroduce its 2-year Fixed Fee Saver offering for residential first-time buyer and home mover customers at 95% loan-to-value (LTV).
These products also have a cashback incentive of £250.
In addition, products in its existing residential customer switching range will see a number of rate reductions.
Other mortgage ranges to benefit from this wave of rate reductions include HSBC’s existing residential customer borrowing more, residential first-time buyer and home mover, residential remortgage, residential remortgage cashback and international residential ranges.
The lender will also be making reductions across its buy-to-let (BTL) offering, reducing rates across its existing BTL customer switching, BTL purchase and BTL remortgage ranges.
To secure any existing product codes, the lender has urged brokers to submit applications in full by midnight tonight, Tuesday 31st October.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “It’s been a few weeks since the last reprice from HSBC.
“Despite this, HSBC have remained close to the best buys with only Santander, Halifax, Coventry, and Nationwide sitting higher in the residential and remortgage tables.
“Given the lack of movement recently, the latest repricing is likely to move HSBC back to the top.”
