HSBC UK is increasing mortgage rates across much of its residential and buy-to-let range from 15 September, with fixed and tracker products affected at all LTVs.

The lender is making changes across its first-time buyer, home mover, remortgage and buy-to-let ranges, as well as products for existing customers and international borrowers.

For UK residential first-time buyers and home movers, all two-year and five-year fixed rates will rise at every LTV, including Premier and High Value Mortgage products. Two-year tracker rates, including High Value Mortgages, will also increase across all LTVs.

The same increases will apply to HSBC’s Energy Efficient Home range for first-time buyers and home movers with properties carrying an EPC rating of A or B.

Remortgage borrowers will also see increases across all two-year and five-year fixed rates, including Premier and High Value Mortgages, alongside higher two-year tracker rates at every LTV.

HSBC’s residential remortgage cashback range will see all two-year and five-year fixed rates increase, while both fixed and tracker pricing will rise across its Energy Efficient Home remortgage products. Fixed rates in the cashback Energy Efficient Home range are also increasing.

BUY-TO-LET RATES

Changes extend across HSBC’s buy-to-let range, with all two-year and five-year fixed purchase and remortgage rates increasing at every LTV. This includes Premier products and mortgages carrying a £3,999 fee.

All two-year buy-to-let tracker rates will also rise. The lender is making equivalent increases to two-year and five-year fixed rates and two-year trackers within its Energy Efficient Home buy-to-let purchase and remortgage range.

Existing customers borrowing more or switching products will face higher two-year and five-year fixed rates, including Premier products, as well as increases to all two-year tracker rates.

HSBC is also repricing its international mortgage range. All two-year, three-year, five-year and 10-year international residential and remortgage fixed rates will increase at every LTV, alongside two-year and five-year Premier Exclusive fixed rates and two-year trackers.

For international buy-to-let purchase and remortgage business, all two-year and five-year fixed rates and two-year tracker rates will rise.

The lender said there are no other changes to its interest rates at this time.

Applications using existing product codes must be submitted in full by midnight on 14 September. Supporting and evidential documentation must then be supplied within 30 calendar days of submission.

HSBC’s product finder and sourcing systems will be updated for the new rates on 15 September.