HSBC is set to make further mortgage rate reductions across all of its residential and buy-to-Let (BTL) ranges, with decreases of up to 0.16%.
The cheapest rate on offer for residential borrowers in the standard range is now the 5-year fixed 60% loan-to-value (LTV) with £999 fee, priced at 3.83% for customers looking to remortgage.
The 70% and 75% LTV 5- year products with a £999 fee are also priced below 4% at 3.99%.
To further support customers with smaller deposits, HSBC has also made reductions in the higher LTV ranges for first-time-buyers, offering 4.16% on its 80% LTV 5-year mortgage with a £350 cashback.
The bank is also introducing a new high value mortgage range from £2m, with a £1,999 booking fee across our home mover, first-time buyer and remortgage ranges at 60%, 70% and 75% LTV.
An HSBC UK spokesperson said: “We’re happy to be able to offer further rate reductions across all our ranges.
“We’re committed to providing some of the best mortgage options available and help empower customers with the financial tools needed to achieve their home ownership goals.
“That’s why from today, we’re pleased to be introducing our new high value mortgage range, catering to customers with higher lending needs.
“Our aim is to support every customer in finding the right mortgage solution, ensuring they benefit from competitive rates and a personalised service, no matter the size of their loan.”
