You are here: Home - News -

HSBC cuts dozens of mortgage rates including high LTVs

by:
  • 26/01/2021
  • 0
HSBC cuts dozens of mortgage rates including high LTVs
HSBC has sliced rates across its range of two and five-year mortgages by as much as 0.40 per cent.

 

The lender has reduced the cost of two-year standard fixes and two-year fee saver fixes, and the five-year equivalent ranges.

Rates on the two-year term tracker have also reduced at selected loan to values (LTV).

It means the lender now offers a five-year fix of 1.64 per cent at 75 per cent LTV with a £999 fee, as well as a 90 per cent LTV two-year fee-free fix of 3.59 per cent.

And a two-year tracker at 75 per cent LTV is available at 1.69 per cent.

In total 30 mortgages have had rates reduced.

HSBC UK’s head of buying a home Michelle Andrews (pictured) said: “Despite the obvious challenges, the housing and mortgage markets are quite lively.

“This rate cut by us, with 11 mortgages reduced by 0.30 per cent or 0.40 per cent, including those at 90 per cent LTV, means getting onto or up the property ladder with HSBC UK, has become more affordable.”

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
Two and five-year mortgage rate gap at lowest since 2013 – Moneyfacts

The gap between the average rate for a two and five-year fixed mortgage was 0.27 per cent last year, the...

Close