HSBC’s specific rate cuts and updated pricing will not be shared until 28 April, when the rate changes come into effect.
Within its existing residential customer switching range, selected two- and three-year fixed fee-saver products, along with five-year fixed fee-saver deals up to 95% loan to value (LTV), will be cut.
Two-, three- and five-year fixed rate standard products and two- and five-year fixed rate premier exclusive products up to 90% LTV will also go down.
For HSBC’s existing residential customers borrowing more, two- and three-year fixed fee-saver and standard deals up to 90% LTV will be lowered. Five-year fee-saver and two- and five-year fixed premier exclusive deals up to 90% LTV will also be cut.
On the residential first-time buyer and homemover side, two- and five-year fixed rate fee-free deals up to 95% LTV will decrease, and two- and five-year standard and premier exclusive deals up to 90% LTV will reduce.
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Two- and five-year fixed high-value mortgages up to 75% LTV will also fall in this range.
For HSBC’s residential first-time buyer and homemover energy-efficient home deals, two- and five-year fixed rate fee-free deals up to 95% LTV will fall and standard products up to 90% LTV will go down.
Within its residential remortgage range, two- and five-year fixed fee-saver and standard deals up to 90% LTV, along with premier exclusive products, will decrease. Two- and five-year fixed high-value mortgages up to 75% LTV will also fall.
Residential remortgage energy-efficient two- and five-year fixed fee-saver and standard deals up to 90% LTV will decrease, along with residential remortgage cashback and residential remortgage cashback for energy-efficient home products.
On HSBC’s BTL side, two-year fixed fee-saver and standard products up to 75% LTV will decrease, with five-year standard and premier exclusive deals at 60% LTV also going down.
Two-year premier exclusive fee-saver and standard products up to 80% LTV on the BTL purchase side will also fall.
For existing BTL customer or borrowing more offerings, two-year fee-saver, standard and premier exclusive products up to 80% LTV will fall and five-year standard and premier exclusive products at 60% LTV will decrease.
On its BTL remortgage side, two- and five-year fixed standard and premier exclusive standard products up to 75% LTV will change. Two-year fee-saver and premier exclusive fee-saver offerings at 75% LTV will also drop.
In HSBC’s international residential range, two-, three- and five-year fixed fee-saver and standard deals up to 75% LTV will decrease, while two- and five-year fixed premier exclusive deals at 75% LTV will also fall.
In the international BTL range, two-year fixed fee-saver deals up to 75% LTV will go down, along with two- and five-year fixed standard deals.
Oli O’Donoghue, director of mortgages at HSBC UK, said: “We are firmly focused on helping people achieve their homeownership goals, from remortgaging their existing property to customers moving onto or up the property ladder.
“There are a number of factors taken into account when setting mortgage rates, and following a review, we are pleased to announce that rates across our residential, buy-to-let and international mortgage ranges for new and existing customers are coming down from Monday.”
