HSBC confirmed that it has removed its three-year fixed rate in its residential first-time buyer, homemover and remortgage range and scrapped cashback for its first-time buyer range between 60% and 75% loan to value (LTV) until further notice.
On the residential existing customer switching and borrowing more, fee-free and standard fee two-year fixed rates from 60% to 90% LTV have been cut, along with five-year deals. Pricing begins from 4.19%.
Three-year fixed fee-saver products up to 75% LTV and 10-year fixed rates with and without fees have also been cut. Three-year deals begin from 3.84% and 10-year deals are priced from 4.79%.
First-time buyer deals have fallen, with two- and five-year fixed rates, both fee-free and standard products, from 60% to 90% LTV impacted, and these begin from 3.84%. Energy-efficient versions of these deals have also been changed.
Homemover products, including its energy-efficient deals, will decrease. This covers two- and five-year fixed rates with and without fees from 60% to 90% LTV and prices begin from 3.84%.
Two- and five-year fixed rates with and without fees in HSBC’s residential remortgage, remortgage cashback and remortgage energy-efficient home ranges range will go down between 60% and 90% LTV. Rates start from 3.99%.
For BTL existing customers switching and borrowing more, two-year fixed standard deals and five-year fixed fee-saver products from 60% to 75% LTV have decreased, with prices from 4.19%.
BTL purchase products, including its two-year deals with a £1,999 fee, £3,999 fee and fee-free five-year deals, will fall. Rates start from 3.94%.
Within its BTL remortgage range, two-year deals with no fee, a £1,999 fee and a £3,999 fee from 60% to 75% LTV have been reduced, along with its five-year deal with a £3,999 fee. Rates begin from 3.89%.
For international residents, two-, three- and five-year fixed rates, both fee-free and standard products, have been lowered from 60% and 75% LTV. Pricing starts from 4.39%.
In its international BTL range, two-year fixed fee-saver and standard deals between 60% LTV and 75% LTV, along with five-year fixed rate standard deals, have been cut, with rates starting from 4.89%.
HSBC last lowered rates in August, including residential, first-time buyer, homemover, remortgage, BTL and international residential and BTL deals.
The firm follows the likes of other high street lenders who have cut their rates this week, and this includes NatWest and Barclays.
