Highlights include a 0.2% reduction off the lender’s three-year fixed rate fee saver product at 60% loan-to-value (LTV), taking the rate down to 2.19%. Among other cuts, a reduction has also been applied to HSBC’s five-year fixed rate deal at 90% LTV, taking the new rate to 3.49%.
The fee-saver remortgage range means borrowers do not have to pay a booking fee, standard valuation fee or completion fee.
Tracie Pearce, HSBC’s head of mortgages in the UK, said: “We have a great suite of mortgage products and now we have sharpened the rates further which could see remortgagers making significant savings.
“We will also be offering £250 cashback on our Remortgage Specials range for HSBC Advance and Premier current account customers switching their mortgage from another provider, switching the rate of their existing HSBC mortgage or borrowing more.”
Accord Mortgages, Yorkshire Building Society’s intermediary arm, also announced a range of fee-free mortgages today, aimed at buy-to-let landlords.
The fee-free fixed-rate mortgages will be available to landlords with LTVs between 60% and 75% and on two or five-year fixed rate deals.
All house purchase mortgages offer £500 cashback on completion, while those remortgaging can opt for free standard valuation and legal fees, or £300 cashback and free standard valuation.
Fee-free two-year tracker options are also available for landlords who are remortgaging, again with a choice of free standard valuation and legal fees, or £300 cashback and free standard valuation.
