HSBC is set to reduce rates across a wide selection of residential, buy-to-let (BTL) and international mortgages from tomorrow, Thursday 20th November.
The changes apply to existing customers switching or borrowing more, as well as first-time buyers, home movers and remortgage customers.
Products in the bank’s energy-efficient home ranges, for homes with A and B Energy Performance Certificate (EPC) ratings will also see widespread reductions.
In the residential range, 2-, 3- and 5-year fixed rates will decrease at multiple loan-to-value (LTV) tiers, including Fee Saver, Standard, High Value and Premier Exclusive options.
Reductions will apply at LTVs from 60% up to 95%, depending on the product.
For buy-to-let customers, HSBC is reducing rates on 2-year fixed products across Fee Saver, Standard and Premier lines for both remortgage and existing-customer switching.
Changes apply at 60%, 65%, 75% and 80% LTV.
International residential and BTL products will also see rate cuts, including 2-, 3 and 5-year fixes at 60%, 70% and 75% LTV.
The lender advised that applications using current product codes must be submitted in full by midnight tonight, Wednesday 19th November, with all supporting documents provided within 30 days.
HSBC’s product finder and sourcing systems will be updated tomorrow, Thursday 20th November.
