HSBC has cut fixed-rate deals for residential and landlord borrowers by up to 25 basis points and has launched a high-value mortgage range.
The high street bank says its residential changes feature reductions of up to 16bps on two-year and five-year mortgages for both home movers and first-time buyers, with cuts of up to 25bps on buy-to-let loans.
Its cheapest rate for residential deals in the standard range is now a five-year fix at 60% loan to value, with a £999 fee, priced at 3.83% for customers looking to remortgage.
The lender’s 70% LTV and 75% LTV five-year products, with a £999 fee, are also priced below 4% at 3.99%.
For borrowers with smaller deposits, it has made further reductions in the higher LTV ranges for FTBs, offering 4.16% on 80% LTV five-year mortgages, with £350 cashback.
The bank also introduces a high-value mortgage range from £2m, with a £1,999 fee across its home mover, FTB and remortgage ranges at 60% LTV, 70% LTV and 75% LTV.
An HSBC UK spokesperson says: “We’re committed to providing some of the best mortgage options available and help empower customers with the financial tools needed to achieve their homeownership goals.
“That’s why from today, we’re pleased to be introducing our new high-value mortgage range, catering to customers with higher lending needs.”
