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HSBC slashes residential and BTL rates with sub-4% deals available
HSBC will lower select residential and buy-to-let (BTL) rates, with some sub-4% deals available for first-time buyers, existing customers and homemovers.
The lender said that fee-free and standard two-, three- and five-year fixed rates – along with five-year fixed premier exclusive rates – for existing customers switching and existing customers borrowing more between 60% and 75% loan to value (LTV) will be lowered.
For first-time buyers and homemovers, two-, three- and five-year fixed rates with no fee and standard deals between 60% and 75% LTV have been lowered, but select two- and five-year fixed rate deals at 90% and 95% LTV will be upped. This also applies to its energy-efficient first-time buyer range.
Pricing for existing customers, first-time buyers and homemovers starts from 3.95% for a five-year fixed rate at 60% LTV and 3.92% for a premier customer deal.
On the remortgage side, two-, three- and five-year fixed rates, both fee-saver and standard deals between 60% and 75% LTV, have been cut. This includes its five-year fixed rate premier exclusive deals.
Remortgage rates begin from 4.59% for a standard two-year fixed rate at 60% LTV, 4.49% for a three-year fixed rate and 4.24% for a five-year fixed rate.
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Similar changes have been made to its energy-efficiency range.
In its residential remortgage cashback range, two- and five-year fixed standard and fee-saver rates between 60% and 75% LTV have been lowered.
Within its BTL range, existing customer, existing customer borrowing more, purchase and remortgage deals on two- and five-year terms between 60% and 75% LTV have decreased. This includes standard and fee-saver deals.
Pricing starts from 4.44% for a two-year fixed rate and 4.19% for a five-year fixed rate.
International residential deals have also been cut, with two- and five-year fixed fee-saver and standard deals between 60% and 75% LTV falling in its international BTL range and fee-free and standard two-, three- and five-year fixed rates, along with five-year fixed premier exclusive rates, falling in its international residential range.
Rates beginning from 4.99% for a two-year fixed rate and 4.61% for five-year fixed rate.
The changes come off the back of HSBC lowering its track rates earlier this week.