HSBC has reduced rates across its mortgage range by up to 0.15 per cent and added a sub-one per cent remortgage and purchase deal to its roster.
The lender has decreased the rate on its five-year fixed rate remortgage at 60 per cent loan to value (LTV) from 0.99 per cent to 0.94 per cent. It has a fee of £999.
Its two-year fixed rate at 75 per cent LTV has fallen from 1.04 per cent to 0.99 per cent. It comes with a £999 fee.
HSBC brought out several sub-one per cent deals, including a two-year fixed rate at 60 per cent LTV at 0.94 per cent in July. It then brought out a 0.89 per cent deal in August, also a two-year fixed at 60 per cent LTV, which is its lowest ever fixed rate product.
In its remortgage range, the lender has also cut its no-fee two-year fixed rate at 75 per cent LTV by 1.39 per cent to 1.29 per cent. Its five-year fixed rate at 75 per cent LTV with a £999 fee has been cut from 1.19 per cent to 1.14 per cent.
On the purchase side, its two-year fixed rate at 85 per cent LTV has gone from 1.74 per cent to 1.59 per cent. Its two-year fixed rate at 90 per cent LTV has fallen from 1.99 per cent to 1.94 per cent. Both come with a £999 fee.
HSBC UK’s head of buying a home, Michelle Andrews, said: “Buying a home or remortgaging with us has never been cheaper. These cuts will make getting on to or moving up the property ladder more affordable, possibly being the difference in a home buyer being able to afford the property of their dreams.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
