HSBC has risen rates on two- and five-year fixed mortgages at 60-95 per cent loan to value (LTV) by as much as 0.1 per cent to 0.55 per cent.
Its two- and five-year fixed fee saver and standard deals within this tier have seen rate increases, as has its five-year fixed premier exclusive deal at 60-90 per cent.
These products now have rates varying from 1.99 per cent for those with larger deposits and 3.34 per cent at higher LTV tiers.
The two-year tracker between 60 and 90 per cent has also gone up in rate.
At 60 per cent LTV, the two-year tracker rate is now 1.79 per cent and 1.99 per cent at 70 and 75 per cent LTV. At 95 per cent LTV, the rate for a tracker mortgage is 2.89 per cent.
The bank has recently made a number of changes to its mortgage range in an attempt to manage demand, including the withdrawal of its 90 per cent LTV deals for new customers.
HSBC’s 90 per cent and 95 per cent LTV mortgage rates are only available to existing mortgage customers who are switching rates.
These changes are effective from today.
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