Check back weekly or favourite this page to keep an eye on the ever-changing rates.
Check back weekly or favourite this page to keep an eye on the ever-changing rates. The table below is updated as of October 1, 2024 and rates are subject to change.
HSBC tracker mortgage, 2-year term
COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
---|---|---|---|---|---|---|
HSBC | First Time Buyer Tracker Standard | 2 years | 5.19% | 6.9 APRC | £999.00 | 60% |
HSBC | First Time Buyer Tracker Standard | 2 years | 5.29% | 6.9 APRC | £999.00 | 70% |
HSBC | First Time Buyer Tracker Standard | 2 years | 5.29% | 6.9 APRC | £999.00 | 75% |
HSBC | First Time Buyer Tracker Standard | 2 years | 5.39% | 7.0 APRC | £999.00 | 80% |
HSBC | First Time Buyer Tracker Standard | 2 years | 5.54% | 7.0 APRC | £999.00 | 85% |
HSBC | First Time Buyer Tracker Standard | 2 years | 5.89% | 7.1 APRC | £999.00 | 90% |
HSBC | Remortgage Tracker Standard | 2 years | 5.24% | 6.9 APRC | £999.00 | 60% |
HSBC | Remortgage Tracker Standard | 2 years | 5.29% | 6.9 APRC | £999.00 | 70% |
HSBC | Remortgage Tracker Standard | 2 years | 5.29% | 6.9 APRC | £999.00 | 75% |
HSBC | Remortgage Tracker Standard | 2 years | 5.49% | 7.0 APRC | £999.00 | 80% |
HSBC | Remortgage Tracker Standard | 2 years | 5.54% | 7.0 APRC | £999.00 | 85% |
HSBC | Remortgage Tracker Standard | 2 years | 5.94% | 7.1 APRC | £999.00 | 90% |
HSBC | Buy-to-Let Purchase Tracker Fee Saver | 2 years | 6.09% | 7.5 APRC | £0.00 | 60% |
HSBC | Buy-to-Let Purchase Tracker Standard | 2 years | 5.27% | 7.7 APRC | £1999.00 | 60% |
HSBC | Buy-to-Let Remortgage Tracker Fee Saver | 2 years | 6.09% | 7.5 APRC | £0.00 | 60% |
HSBC | Buy-to-Let Remortgage Tracker Standard | 2 years | 5.48% | 7.7 APRC | £1999.00 | 60% |
HSBC | Buy-to-Let Purchase Tracker Fee Saver | 2 years | 6.09% | 7.5 APRC | £0.00 | 65% |
HSBC | Buy-to-Let Purchase Tracker Standard | 2 years | 5.42% | 7.7 APRC | £1999.00 | 65% |
HSBC | Buy-to-Let Remortgage Tracker Fee Saver | 2 years | 6.09% | 7.5 APRC | £0.00 | 65% |
HSBC | Buy-to-Let Remortgage Tracker Standard | 2 years | 5.54% | 7.7 APRC | £1999.00 | 65% |
HSBC | Buy-to-Let Purchase Tracker Fee Saver | 2 years | 6.19% | 7.6 APRC | £0.00 | 75% |
HSBC | Buy-to-Let Purchase Tracker Standard | 2 years | 5.69% | 7.7 APRC | £1999.00 | 75% |
HSBC | Buy-to-Let Remortgage Tracker Fee Saver | 2 years | 6.19% | 7.6 APRC | £0.00 | 75% |
HSBC | Buy-to-Let Remortgage Tracker Standard | 2 years | 5.74% | 7.8 APRC | £1999.00 | 75% |
HSBC | Moving Home Tracker Standard | 2 years | 5.19% | 6.9 APRC | £999.00 | 60% |
HSBC | Moving Home Tracker Standard | 2 years | 5.29% | 6.9 APRC | £999.00 | 70% |
HSBC | Moving Home Tracker Standard | 2 years | 5.29% | 6.9 APRC | £999.00 | 75% |
HSBC | Moving Home Tracker Standard | 2 years | 5.39% | 7.0 APRC | £999.00 | 80% |
HSBC | Moving Home Tracker Standard | 2 years | 5.54% | 7.0 APRC | £999.00 | 85% |
HSBC | Moving Home Tracker Standard | 2 years | 5.89% | 7.1 APRC | £999.00 | 90% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 5.14% | 7.1 APRC | £999.00 | 60% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.84% | 7.0 APRC | £0.00 | 60% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver Buy to Let | 2 years | 6.09% | 7.5 APRC | £0.00 | 60% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard Buy to Let | 2 years | 5.27% | 8.0 APRC | £1999.00 | 60% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard Buy to Let | 2 years | 5.42% | 8.0 APRC | £1999.00 | 65% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver Buy to Let | 2 years | 6.09% | 7.5 APRC | £0.00 | 65% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 5.24% | 7.1 APRC | £999.00 | 70% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.84% | 7.0 APRC | £0.00 | 70% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 5.24% | 7.1 APRC | £999.00 | 75% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 5.84% | 7.0 APRC | £0.00 | 75% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver Buy to Let | 2 years | 6.19% | 7.6 APRC | £0.00 | 75% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard Buy to Let | 2 years | 5.64% | 8.1 APRC | £1999.00 | 75% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 5.39% | 7.2 APRC | £999.00 | 80% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 6.04% | 7.0 APRC | £0.00 | 80% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 5.44% | 7.2 APRC | £999.00 | 85% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 6.09% | 7.0 APRC | £0.00 | 85% |
HSBC | Existing Customer (Switch to New Rate) Tracker Standard | 2 years | 5.44% | 7.2 APRC | £999.00 | 90% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 6.09% | 7.0 APRC | £0.00 | 90% |
HSBC | Existing Customer (Switch to New Rate) Tracker Fee Saver | 2 years | 6.24% | 7.1 APRC | £0.00 | 95% |
HSBC Tracker Mortgages FAQs
Is it good to be on a tracker mortgage with HSBC?
Whether it is good to be on a tracker mortgage in the UK depends on individual circumstances and financial goals.
A tracker mortgage with HSBC is a type of mortgage where the interest rate charged is set at a fixed percentage above the Bank of England base rate. As the base rate changes, the interest rate on a tracker mortgage will also change, meaning that your mortgage payments can go up or down.
The advantage of an HSBC tracker mortgage is that when the base rate is low, your mortgage payments will also be low. This can make it easier to manage your monthly budget and potentially save money in the long term. However, when the base rate goes up, your mortgage payments will also increase. As we all know, the base rate has gone up a lot lately, making tracker mortgages a difficult choice right now.
If you are comfortable with some level of risk and have a flexible budget that can accommodate potential fluctuations in monthly payments, a tracker mortgage may be a good option for you. However, if you are on a tight budget and need to know exactly what your monthly mortgage payments will be every single month, a fixed-rate mortgage may be a better choice.
What is the difference between a tracker mortgage and a discounted mortgage?
HSBC offers variable-rate mortgages in the UK, including tracker mortgages and discounted mortgages, which work in slightly different ways.
A tracker mortgage from HSBC follows the Bank of England base rate, and the interest rate is fixed at a certain percentage above that rate. For instance, if the base rate is 0.5%, and the tracker mortgage is set at 1.5% above the base rate, the interest rate would be 2%. This means that mortgage payments will fluctuate in line with changes in the base rate.
On the other hand, HSBC's discounted mortgage provides a discount off the lender's standard variable rate (SVR) for a predetermined period. The SVR is the rate that the lender charges its
customers once any initial fixed or discounted rate period ends. For example, if the lender's SVR is 4%, and the discounted mortgage offers a 1% discount, then the interest rate would be 3%. However, unlike a tracker mortgage, the discount is not linked to any external rate, such as the Bank of England base rate.
One of the advantages of a discounted mortgage from HSBC is that the discount rate is usually fixed for a specific period, usually two to five years. During this period, mortgage payments will remain the same, irrespective of any changes to the lender's SVR. However, once the discount period ends, the interest rate will revert to the lender's SVR, which could be higher or lower than the discounted rate.
How much can you overpay on an HSBC tracker mortgage?
The amount you can overpay on a tracker mortgage in the UK depends on the specific terms and conditions of your mortgage agreement. Some tracker mortgages may allow you to make overpayments without any penalty, while others may limit the amount you can overpay each year or charge a penalty for overpayments that exceed a certain threshold.
It's important to check your mortgage agreement and speak to your lender to understand the overpayment options available to you. Overpaying on your mortgage can be a good way to reduce the amount of interest you pay over the life of the loan and shorten the term of your mortgage.
However, it's important to balance overpayments with other financial priorities, such as saving for emergencies or retirement. Before making any extra payments on your mortgage, it's a good idea to speak to a financial advisor who can help you evaluate your options and make an informed decision based on your individual circumstances.