HSBC is increasing customer rates from today and will introduce a buy-to-let (BTL) product with a £3,999 fee for two- and five-year fixed rates for purchase and remortgage.
Within HSBC’s residential existing customer switching range, two- and five-year fixed rate fee-saver, five-year fixed standard and five-year fixed rate premier exclusive products up to 90% loan to value (LTV) have gone up.
Two-year fixed standard, three-year fixed fee-saver and standard have risen, and 10-year fixed rates – both fee-free and standard options – up to 80% LTV have gone up.
Two-year fixed rate pricing starts from 4.78%, with three-year fixed rate pricing beginning from 4.54%, five-year fixed rates priced from 4.36% and 10-year fixed rates standing at 4.88% at 60% LTV.
The same changes have been made to HSBC’s residential existing customer borrowing more range, with pricing also starting from the same point.
In its BTL existing customer switching range, two- and five-year fixed rate standard and fee-saver products up to 75% LTV have gone up.
Two-year fixed rates are now priced from 4.69% at 60% LTV and five-year fixed rates begin from 4.42% at 60% LTV.
The new BTL product will be across all LTVs and offer customers “more choice”, HSBC said.
Its two-year fixed purchase rate at 60% LTV is 4.59%, while its five-year fixed purchase rate at the same LTV comes to 4.29%.
On the remortgage side, its two-year fixed rate at 60% LTV is 4.58% and its five-year fixed rate is 4.23%.
It is the latest high-street lender to increase rates, with Natwest and Virgin Money having increased rates.
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.
