HSBC cuts rates across entire range

Some 90% LTV products have seen rate reductions as HSBC re-entered the high LTV market earlier this month.

HSBC cuts rates across entire range

HSBC UK has reduced mortgage rates across all its LTVs, with rates slashed by up to 0.40%.

Some 90% LTV products have seen rate reductions as HSBC re-entered the high LTV market earlier this month.

These include a 90% LTV 2-year fixed product with no fee bring reduced by 0.40% to 3.59%; and a 5-year no fee fixed product being reduced to 3.74%.

The 75% LTV 5-year fixed product with a £999 fee has been cut to 1.64% and becomes the lowest rate available at that level.

The 2-year tracker mortgage at 70% and 75% LTV has been reduced by 0.40% to 1.69%.

Another highlight includes the 60% LTV 2-year fixed product with a £999 fee down by 0.05% to 1.19%.

In total, there are reductions on 30 different mortgages.

Michelle Andrews, head of buying a home at HSBC UK, said: “Despite the obvious challenges, the housing and mortgage markets are quite lively.

"This rate cut by us, with eleven mortgages reduced by 0.30% or 0.40%, including those at 90% LTV, means getting onto or up the property ladder with HSBC UK, has become more affordable.”

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