HSBC is set to reduce mortgage rates across a wide range of residential and buy-to-let products from tomorrow, Friday 24th October, as part of a broad refresh of its mortgage range.
The bank confirmed that fixed rates are decreasing across multiple loan-to-value (LTV) tiers for residential, remortgage and buy-to-let customers, including those purchasing energy-efficient homes.
For residential borrowers, rate reductions will apply to both Fee Saver and Standard options on 2- and 5-year fixed products, spanning LTVs from 60% to 95%.
The cuts will also extend to high-value and Premier Exclusive products, alongside the Energy Efficient Home range for properties with an Energy Performance Certificate (EPC) rating of A or B.
Remortgage customers will benefit from lower rates across the same LTV bands and product types, including cashback and energy-efficient options.
In the buy-to-let range, reductions will apply to 2- and 5-year fixed Fee Saver and Standard products at 60% LTV, including the Premier Exclusive range and energy-efficient products.
HSBC’s international range has also been updated, with 2- and 5-year fixed products for both residential and buy-to-let customers seeing reductions across 60%, 70% and 75% LTV bands.
In addition to the rate cuts, HSBC has updated all fixed-rate end dates.
2-year fixes will now end in February 2028, 3-year products in February 2029, 5-year fixes in February 2031, and 10-year products in February 2036.
The bank reminded brokers that Premier mortgage rates remain available only to existing HSBC Premier current account holders.
Applicants must hold an eligible account before submission to qualify for the preferential rates.
