HSBC has reduced rates across its entire range of repayment and buy-to-let (BTL) mortgages, effective from today (Friday 13th September).
The changes include rate reductions of up to 0.15% for residential mortgages and up to 0.17% for BTL mortgages.
These adjustments aimed to provide more competitive options for a wide range of customers, including first-time buyers, home movers, and those seeking to remortgage their properties.
For residential customers in HSBC’s standard range, the lowest rate now available is for the 5-year fixed mortgage at 60% loan-to-value (LTV) with a £999 fee.
This product is priced at 3.82%, applicable to first-time buyers, home movers, and existing customers.
Additionally, the lender’s 70% and 75% LTV options for the 5-year fixed product, also with a £999 fee, have been reduced below 4%, offering more affordability for a variety of borrowers.
In the 2-year fixed mortgage category, rates have been lowered to 4.14% for a 60% LTV mortgage with a £999 fee, designed for the same range of customers – first-time buyers, home movers, and existing borrowers.
HSBC has also made its residential remortgage products more competitive, with rate reductions of up to 0.15% on 70% and 75% LTV products.
The starting rate for the 5-year fixed remortgage at 60% LTV with a £999 fee has been reduced to 3.90%, a 0.09% reduction.
In the buy-to-let mortgage range, which is available to existing HSBC customers, there have been rate reductions of up to 0.17%, with the 5-year fixed 60% LTV product, with a £1,999 fee, reduced to 4.02%.
