HSBC cuts rates across entire range

Jessica Nangle

January 26, 2021

HSBC UK has reduced mortgage rates across all its LTVs, with rates slashed by up to 0.40%.

Some 90% LTV products have seen rate reductions as HSBC re-entered the high LTV market earlier this month.

These include a 90% LTV 2-year fixed product with no fee bring reduced by 0.40% to 3.59%; and a 5-year no fee fixed product being reduced to 3.74%.

The 75% LTV 5-year fixed product with a £999 fee has been cut to 1.64% and becomes the lowest rate available at that level.

The 2-year tracker mortgage at 70% and 75% LTV has been reduced by 0.40% to 1.69%.

Another highlight includes the 60% LTV 2-year fixed product with a £999 fee down by 0.05% to 1.19%.

In total, there are reductions on 30 different mortgages.

Michelle Andrews, head of buying a home at HSBC UK, said: “Despite the obvious challenges, the housing and mortgage markets are quite lively.

“This rate cut by us, with eleven mortgages reduced by 0.30% or 0.40%, including those at 90% LTV, means getting onto or up the property ladder with HSBC UK, has become more affordable.”

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