HSBC is set to introduce significant changes to its Premier mortgage product offerings, effective from tomorrow, Tuesday 25th March.
The changes impact both residential and buy-to-let (BTL) mortgage products, with adjustments aimed at expanding options for Premier customers and modifying cashback incentives across selected categories.
HSBC will be introducing Premier-only 2- and 5-year fixed fee-paying and fee-saver BTL products with loan-to-value (LTV) ratios of 60%, 65%, 75%, and 80%.
These products will be available across HSBC’s purchase, remortgage, and existing customer mortgage range.
In addition, HSBC has announced a reduction in the cashback amount for first-time buyer, homemover, and remortgage customers under its Residential Energy Efficient Homes (EEH) range.
The updated mortgage rates will be exclusively available to existing HSBC Premier current account holders.
HSBC has urged customers to confirm their eligibility before submitting applications – customers who later open a Premier account can request a rate change by submitting an application amendment form.
