HSBC has increased rates on its 85 per cent and 90 per cent loan to value (LTV) mortgages.
Rates for the two-year fixed mortgages at 85 per cent LTV have increased from 1.59 per cent to 1.84 per cent with a £999 fee while the fee-free option has gone up to 2.24 per cent from 1.99 per cent.
Three-year fixed alternatives in the same tier have rates starting from 2.14 per cent with a £999 fee – up from 1.89 per cent – or 2.34 per cent with no fee, an increase from 2.09 per cent.
The five-year fixed mortgages at 85 per cent LTV have seen rate increases by as much as 0.25 per cent.
At 90 per cent LTV, the two-year fixed rates have risen to 2.14 per cent from 1.89 per cent with a £999 fee or 2.39 per cent from 2.14 per cent with no fee.
Three-year fixed deals have been increased by 0.2 per cent and five-year alternatives have gone up by as much as 0.25 per cent.
Rates have also risen for the two-year trackers at 85 per cent and 90 per cent LTV.
HSBC’s 95 per cent LTV mortgage rates remain available for existing customers switching rates.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
