HSBC has made a number of rate reductions on its fixed rate mortgages.
The changes are as follows:
Two-year fixed rates
- 60% LTV two-year fixed to 2.44% with £1,499 fee
- 60% LTV two-year fixed at 2.89% with £599 fee
- 70% LTV two-year fixed to 3.09% with £599 fee
- 80% LTV two-year fixed to 3.49% with £599 fee
Five-year fixed rates
- 70% LTV five-year fixed to 3.49% with £599 fee
- 80% LTV five-year fixed to 3.99% with £599 fee
Seven-year fixed rates
60% LTV seven-year fixed to 3.79% with £499 fee
60% LTV seven-year fixed to 3.99% with no fee
90% LTV
In addition, HSBC continues to offer its current mortgage range for homebuyers with a 10% deposit including:
- Fee-free two, three, five and seven-year fixed rate at 4.89%
- Fee-free lifetime tracker at 3.99% over BOE BR (4.49%)
“With some lenders increasing their standard variable mortgage rates, we understand that UK borrowers are looking at ways to make savings on their outgoings,” said Peter Dockar, head of mortgages at HSBC.
“We have consistently offered competitive rates and continue to review our mortgage range to ensure our customers have access to the best possible rates, whether they are buying for the first time, moving house or remortgaging.”
