fbpx

HSBC cuts rates on 20 of its mortgage products

Jake Carter

March 18, 2021

HSBC UK has reduced rates on 20 of its mortgage products.

Notable offerings include the 85% LTV 5-year fix cut by 0.10% to 2.74% with a £999 fee.

Alternatively, this offering is available without a fee, and the product has also been reduced by 0.10% to 3.04%.

The 90% LTV 2-year fix has been cut by 0.05% to 3.09%, with a £999 fee.

Similarly, this deal is available without a fee and has been reduced by 0.05% to 3.29%.

The 75% LTV 2-year fix has also been cut, having been reduced by 0.10% to 1.39%, with a £999 fee.

HSBC UK has also increased the lending limits on its 85% LTV and 90% LTV capital repayment mortgages, with the maximum borrowing on 85% LTV mortgage increased by 50% to £750k, and from £400k to £550k on 90% LTV borrowing.

Michelle Andrews, head of buying a home at HSBC UK, said: “There are lots of different elements to consider when looking for a mortgage to get onto or up the property ladder.

“Two big considerations are interest rate and how much you can borrow, and these changes will make a big difference.

“Alongside other changes we have recently made, including accepting variable pay as part of a mortgage application, we are excited about continuing to support homeowners and the wider property market.”


Sign up to our daily email