HSBC has increased rates across five-year fixes for new customers and products for existing customers switching rates.
New borrower rate increases vary from 0.04 per cent to 0.14 per cent for purchase mortgages and between 0.05 per cent and 0.29 per cent for remortgages.
Changes apply up to 90 per cent loan to value (LTV), beginning from 5.48 per cent for a 60 per cent LTV product for standard borrowers with a £999 fee up to 5.69 per cent for the corresponding product at 90 per cent LTV.
International resi and BTL rises
For international residential and buy-to-let borrowers, five-year fixes up to 75 per cent LTV have increased in pricing.
For existing borrowers looking to switch rates, pricing has risen from between 0.05 per cent to 0.5 per cent.
These changes apply to switching and borrowing more products, which are fixed for either two, three or five years and available up to 95 per cent LTV.
New rates apply from 14 October.
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
