In HSBC’s existing residential customer switching and borrowing more ranges, two- and five-year fee-saver deals up to 95% loan to value (LTV) will be cut, along with standard products and premier exclusive deals up to 90% LTV.
Residential first-time buyer and homemover deals on two- and five-year terms have been cut, with fee-saver products up to 95% LTV falling – up to 90% LTV for standard and premier exclusive products and up to 75% LTV for high-value mortgages.
HSBC’s residential first-time buyer and homemover energy-efficient fee-saver and standard deals up to 95% LTV and 90% LTV will also be cut.
On the residential remortgage side, fee-saver, standard and premier exclusive products up to 90% LTV will fall, while two-year high-value deals up to 75% LTV and five-year high-value products at 60% LTV will decrease.
HSBC’s residential remortgage energy-efficient home remortgage cashback and remortgage cashback energy-efficient home deals, including fee-saver and standard deals, up to 90% LTV will also decrease.
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Within its BTL range, two-year fee-saver, standard and premier exclusive products up to 75% LTV will go down, along with existing BTL customer switching and borrowing more two-year deals with and without fees up to 75% LTV.
For HSBC’s BTL remortgage deals, two-year fixed fee-saver and standard deals, including premier exclusive deals up to 75% LTV, will fall, while five-year deals at 60% LTV will also decrease.
On the international side, residential two- and five-year fee-saver, standard and premier exclusive products up to 75% LTV will reduce, while international BTL two-year fee-saver and standard deals up to 75% LTV will fall.
At the beginning of the month, HSBC increased selected rates.
The Co-operative Bank lowers rates
The Co-operative Bank is changing selected rates by up to 0.26%, with rate increases and decreases across its mainstream and BTL mortgages for new business and retention ranges.
Within its new business range, selected residential remortgage two- and three-year fixed products will fall by up to 0.18%.
Purchase two- and three-year fixed rates will fall by up to 0.26% and purchase five-year fixed products with a £999 fee at 95% LTV will go up by 0.06%.
Also in its new business range, its professional mortgage two-year fixed rates will go down by up to 0.18%.
Two-year BTL fixed rates will also fall by up to 0.1% and Help to Buy two-year deals for the Welsh scheme will fall by up to 0.05%.
In its retention range, selected residential two- and three-year fixed rates will fall by up to 0.18%, two-year BTL fixed rates will reduce by around 0.1% and selected two- and three-year fixed rates for Help to Buy will go down by 0.11%.
