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HSBC confirms Mortgage Guarantee Scheme participation

Jake Carter

April 19, 2021

HSBC

HSBC UK has confirmed its participation in the Mortgage Guarantee Scheme.

The range of products the lender will offer include 2 and 5-year fixes, available to single or joint applicants, with the same rates whether taken out direct or through a broker.

Notable products include a 95% LTV 2-year fix at 3.99%, with a £999 fee, or this offering is available at 4.29% without a fee.

A 95% LTV 5-year fix at 4.29% with a £999 fee has also been introduced, which is assessable at 4.49% without a fee.

Michelle Andrews, head of buying a home at HSBC UK, said: “We have supported home buyers and the wider housing market throughout the pandemic and are excited to support the Mortgage Guarantee Scheme.

“After such a turbulent year it is great that this scheme will make a real difference in enabling first time buyers who didn’t think they would have a chance of getting a mortgage and home movers to get the keys to their new home.”


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