HSBC cuts rates on 20 of its mortgage products

Notable offerings include the 85% LTV 5-year fix cut by 0.10% to 2.74% with a £999 fee.

HSBC cuts rates on 20 of its mortgage products

HSBC UK has reduced rates on 20 of its mortgage products.

Notable offerings include the 85% LTV 5-year fix cut by 0.10% to 2.74% with a £999 fee.

Alternatively, this offering is available without a fee, and the product has also been reduced by 0.10% to 3.04%.

The 90% LTV 2-year fix has been cut by 0.05% to 3.09%, with a £999 fee.

Similarly, this deal is available without a fee and has been reduced by 0.05% to 3.29%.

The 75% LTV 2-year fix has also been cut, having been reduced by 0.10% to 1.39%, with a £999 fee.

HSBC UK has also increased the lending limits on its 85% LTV and 90% LTV capital repayment mortgages, with the maximum borrowing on 85% LTV mortgage increased by 50% to £750k, and from £400k to £550k on 90% LTV borrowing.

Michelle Andrews, head of buying a home at HSBC UK, said: “There are lots of different elements to consider when looking for a mortgage to get onto or up the property ladder.

“Two big considerations are interest rate and how much you can borrow, and these changes will make a big difference.

“Alongside other changes we have recently made, including accepting variable pay as part of a mortgage application, we are excited about continuing to support homeowners and the wider property market.”

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