HSBC has introduced a broad range of mortgage rate changes effective from tomorrow (30th September), with reductions in its residential and remortgage ranges contrasting with increases across buy-to-let (BTL) products.
For existing residential customers switching or borrowing more, most 2- and 5-year fixed Fee Saver, Standard, and Premier Exclusive products at 60–90% LTV are increasing, while 95% LTV Fee Saver products are decreasing.
First-time buyers and home movers, however, will see cuts, with Fee Saver, Standard, High Value, and Premier Exclusive rates at 60–95% LTV decreasing.
The reductions extend to the Energy Efficient Home Range for properties with an A or B EPC rating.
Remortgage customers will also benefit from lower pricing, with 2- and 5-year Fixed Fee Saver and Standard products at 60–75% LTV all decreasing.
The decreases apply across the core remortgage range, cashback products, and energy efficient options.
International residential products are similarly reduced, with Fee Saver, Standard, and Premier Exclusive rates at 60–75% LTV decreasing.
In contrast, BTL pricing has moved higher. Existing customer switching, purchase, and remortgage products are all rising, with increases across 2- and 5-year Fee Saver, Standard, and Premier Exclusive options at 60–75% LTV.
This includes both standard and £3,999 fee variants, as well as energy efficient ranges. International BTL products are also increasing, with higher rates for 2- and 5-year Fee Saver and Standard products at 60–75% LTV.
Applications for existing product codes must be submitted in full by midnight tonight to secure previous rates. HSBC confirmed that all product finder and sourcing systems have been updated to reflect the new pricing.
