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HSBC lowers rates by up to 0.21 per cent

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  • 03/04/2023
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HSBC lowers rates by up to 0.21 per cent
HSBC has cut the rates for over 120 mortgage products across all loan to value (LTV) tiers in its range of two, three and five-year fixed rates by up to 0.21 per cent.

Rate changes have been applied to its residential existing customer switching, residential existing customer borrowing more, first-time buyer, home mover, remortgage and international residential ranges.

In its existing customer range, its five-year fixed rate with £999 fee at 60 per cent LTV has fallen by 0.05 per cent to 3.84 per cent.

Its five-year fixed rate with no fee has gone down by 0.05 per cent to 3.94 per cent, whilst its two-year fixed rate with £999 fee has decreased by 0.05 per cent to 4.24 per cent.

 

Home mover

On the home mover side, its two-year fixed rate with no fee and £250 cashback at 90 per cent LTV has been reduced by 0.1 per cent to 5.19 per cent. Its 85 per cent LTV equivalent has fallen by 0.11 per cent to 4.88 per cent.

The lender’s five-year fixed rate at 90 per cent LTV with £999 fee has gone down 0.05 per cent to 4.44 per cent. The bank’s 85 per cent LTV equivalent has decreased 0.05 per cent to 4.24 per cent.

Its five-year fixed rate at 60 per cent with £999 fee has been reduced by 0.06 per cent to 3.98 per cent.

 

Remortgage

On its remortgage side, its five-year fixed rate at 60 per cent LTV with £999 fee has fallen by 0.06 per cent to 3.93 per cent. The fee-saver equivalent is down 0.11 per cent to 4.03 per cent.

Its five-year fixed rate at 75 per cent LTV with £999 fee has decreased by 0.11 per cent to 3.98 per cent, and its two-year fixed rate at 60 per cent LTV with £999 fee has fallen by 0.21 per cent to 4.28 per cent.

 

Buy to let

The lender’s buy-to-let standard variable rate (SVR) has changed from 6.85 per cent to 7.10 per cent. Its residential SVR remains unchanged.

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