HSBC expands on rate refresh

Jessica Nangle

July 25, 2019

HSBC UK has expanded on its mortgage rate refresh.

The bank has refreshed 23 of its mortgages by reducing fixed and tracker rates across a range of LTVs.

The rate cuts are particularly beneficial to first-time buyers and those looking for a mortgage with a lower deposit.

Aaron Shinwell, interim head of mortgages and savings at HSBC UK, said: “We are delighted to have reduced the interest rates across a number of our mortgages today.

“Whether you are a first-time or next-time buyer, or looking to get the best deal on your existing mortgage, these lower rates will make getting on or moving up the property ladder more affordable.”

Highlights include 60% LTV 2-year fixes rate down by 0.10% to 1.34%, and a 60% LTV 5-year fixed rate down by 0.10% to 1.74%.

Their 70% LTV 5-year fixed rate is down by 0.10% to 1.79%, whilst their 90% LTV 2-year fixed rate product has been cut by 0.05% to 2.14%.

All products come with a £999 fee, except for their 90% LTV product which has no fee.

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