HSBC is making extensive updates to its residential and international mortgage product ranges, with new rate end dates and product changes taking effect today.
The changes apply across a wide spectrum of fixed rate offerings, including those for existing customers, home movers, first-time buyers and energy-efficient properties.
The lender has confirmed that the fixed rate end dates on all affected products will be extended by one month. For instance, 2-year fixed rate deals previously ending on 31 August 2027 will now mature on 30 September 2027, with similar adjustments made for 3-, 5- and 10-year terms.
The updated product line-up covers a broad range of loan-to-value (LTV) tiers, with several offerings now seeing rates decreasing across brackets from 60% up to 95%.
Notably, many 5-year fixed rate options have been repriced at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV, indicating a wide-ranging reassessment of risk and pricing strategy.
HSBC’s Premier mortgage products will remain exclusive to current holders of HSBC Premier current accounts.
If a customer does not hold such an account at the time of submission, they will be required to select a product from the standard range. However, if a Premier account is opened subsequently, advisers may submit an Application Amendment Form or use the ‘Chat with us’ service to request a preferential rate.
The changes apply across both international and UK residential ranges. On the international side, revised rates include 2- and 5-year fixed Premier Exclusive products, as well as 3- and 5-year Fixed Fee Saver and Standard products at up to 75% LTV.
