HSBC launches 90% LTV products

Jake Carter

January 12, 2021

HSBC has launched several 90% LTV mortgage products following its announcement that it was re-entering the market on 6 January.

The lender has added a 90% LTV 2-year fix at 3.69% with a £999 fee, alternatively this deal is available at 3.99% without a fee.

In addition, a 90% LTV 5-year at 3.84%, and a 90% LTV 2-year tracker at 3.79% have been introduced.

All three offerings include 35-year terms, and the latter two products have a £999 fee.

Furthermore, the lender has reduced product rates on 17 mortgage products.

Notable reduced offerings include a 60% LTV 2-year fix cut from 1.79% to 1.64% which comes with a £999 fee.

This same product is available without a fee, with the rate reduced by 0.10% to 1.24%.

Looking to feesaver products, the lender has reduced rates by 0.20% across the 60% LTV tier, 70% LTV tier and 75% LTV tier, with rates now available from 1.79%, 1.99% and 1.99%, respectively.

An 80% LTV 5-year fix, which includes a £999 fee has also been cut, from 2.44% to 2.29%.

This product is also available at 2.59% without a fee.

Michelle Andrews, head of buying a home at HSBC, said: “Home-ownership dreams may have seemed even further away for many first time buyers of late, but with more providers returning to 90% LTV mortgages, they may be closer to becoming a reality, which is great news.

“Lower rates across other LTVs is also great news, and could well provide those looking to remortgage, switch rates or those on an SVR with some important savings on their current monthly outlay.”

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