HSBC is set to reduce rates across a wide range of its mortgage products, effective from Monday, 28th April 2025.
The rate reductions will impact existing and new residential customers, buy-to-let (BTL) borrowers, and international clients.
For existing residential customers switching or borrowing more, rates will decrease across 2-, 3-, and 5-year fixed Fee Saver, Standard, and Premier Exclusive products.
These reductions will apply to loan-to-value (LTV) tiers ranging from 60% up to 95%, depending on the product type and term.
First-time buyers and home movers, including those purchasing energy-efficient properties rated A or B on the Energy Performance Certificate (EPC) scale, will also benefit from reduced rates.
Decreases will apply to 2- and 5-year fixed Fee Saver, Standard, High Value, and Premier Exclusive products across various LTV bands, with up to 95% LTV included in some categories.
For remortgage customers, HSBC will reduce rates on 2- and 5-year fixed deals, including those under its Fee Saver, Standard, High Value, Premier Exclusive, and Cashback ranges.
These changes will also extend to homeowners remortgaging energy-efficient homes, with similar reductions across the board.
Buy-to-let products will see rate cuts for both new purchases and existing customers looking to switch or borrow more.
Affected categories include 2- and 5-year fixed Fee Saver, Standard, and Premier Exclusive products, covering LTV tiers up to 80%.
The lender’s international mortgage portfolio will also reflect similar downward movements, with reductions applied to both residential and BTL fixed rate products at 60%, 65%, 70%, and 75% LTV levels.
In addition to the rate changes, HSBC will adjust the end dates for its fixed-rate deals.
2-year products will now mature on 31st August 2027, while 3-year deals will run until 31st August 2028.
5-year terms will end on 31st August 2030, and 10-year options will conclude on 31st August 2035.
HSBC has urged brokers and customers to ensure applications for current rates are fully submitted by midnight on Sunday, 27th April 2025.
Supporting documentation must be provided within 30 calendar days of submission, and HSBC’s product finder and sourcing systems will reflect the updates from 28th April.
Oli O’Donoghue, director of mortgages at HSBC UK, said: “We are firmly focused on helping people achieve their home ownership goals, from remortgaging their existing property to customers moving onto or up the property ladder.
“There are a number of factors taken into account when setting mortgage rates and following a review we are pleased to announce that rates across our residential, buy-to-let and international mortgage ranges for new and existing customers are coming down from Monday.”
