HSBC Announces Significant Reductions Across Residential and Buy-to-Let Mortgage Rates

HSBC Mortgage Rate Cuts: What Homeowners, Investors & Buyers Need to Know

HSBC has unveiled a series of sweeping interest rate reductions across its residential and Buy-to-Let (BTL) mortgage products, with changes taking effect from Wednesday, 23rd July. These updates present new opportunities for first-time buyers, home movers, existing customers, and property investors to access more competitive rates on both new and additional borrowing.

Key Mortgage Rate Updates

HSBC’s latest changes see rate decreases spanning the following product areas:

• Residential Existing Customer Switching/Borrowing More: 2 & 5-year fixed Standard (70% and 75% LTV), 3-year fixed (60%, 70%, 75% LTV), and Premier Exclusives are all reducing.
• First-Time Buyer/Home Mover: 2-year Fixed Fee Saver (80%–95% LTV), 2 & 5-year Fixed Standard and Premier Exclusive (80%–90% LTV), and fixed Fee Saver options are decreasing.
• Energy Efficient Home Range: Special rate drops for A & B EPC-rated homes across fee saver and standard products (80%–95% LTV).
• Buy-to-Let (BTL) Purchase and Remortgage: Decreased 2- and 5-year fixed rates, including Premier Exclusive, Fee Saver, and £3,999 fee options (60%–80% LTV).
• International Products: Select 3-year and 5-year fixed rates (60%–75% LTV) for eligible international customers also see reductions.

This refresh offers market-leading choices for various customer needs, whether switching, purchasing, remortgaging, or investing.

Who Benefits from HSBC’s Rate Reductions?

These updates are designed to benefit a wide range of UK borrowers:

• First-Time Buyers and Home Movers: Lower rates at higher loan-to-values (LTV) make it easier to buy with smaller deposits (from 5% upward).
• Existing HSBC Customers: Clients seeking product switches or additional borrowing benefit from improved value on 2, 3, and 5-year fixed deals.
• Buy-to-Let Landlords: Both new acquisitions and remortgages get lower entry rates across standard and exclusive BTL products.
• Eco-Conscious Borrowers: Special reductions on the Energy Efficient Home Range for A & B EPC-rated homes encourage sustainable property choices.
• International Borrowers: HSBC’s selected international products become more attractive for eligible clients investing in UK property from abroad.*

Special Features and Considerations

• Premier Exclusive Rates: Additional discounts for existing HSBC Premier current account holders. Applicants must hold a Premier account before submission for these rates.
• Fee Saver Options: Lower upfront fees for selected products, easing early costs for both buyers and remortgagers.
• Energy Efficient Mortgage Range: Tailored rates for homes with A or B EPC ratings support buyers aiming for sustainability.
• Wide LTV Availability: Rates extend from 60% to 95% LTV, enabling access for those with small or larger deposit sizes.

Important Application Deadlines

• To secure existing (pre-reduction) product codes, submit complete applications by midnight, Tuesday 22nd July.
• All required documents must be provided within 30 calendar days of submission.
• Sourcing systems and product finders will reflect changes from Wednesday 23rd July onward.

Why Choose HSBC for Your Mortgage Needs?

• Consistent Rate Competitiveness: HSBC regularly features in best-buy tables for fixed-rate and BTL mortgages across the UK.
• Flexible Options: Product selection spans fee saver, standard, and exclusive lines, with a range of LTVs to suit diverse borrower profiles.
• Sustainability Focus: The Energy Efficient Home range rewards borrowers choosing greener properties.
• Exclusive Premier Benefits: Additional rate reductions for eligible HSBC Premier customers.
• Trusted International Brand: Global expertise supports complex or cross-border property finance needs.*

Next Steps: Secure Your New HSBC Mortgage Rate

HSBC’s latest rate reductions offer outstanding new value for existing and prospective mortgage customers. If you’re looking to purchase, remortgage, or invest, now may be the perfect time to review your options. For clear, impartial advice tailored to your circumstances, contact our mortgage experts today. We will guide you through HSBC’s updated products, provide the latest rates, and help you secure the right deal for your needs.

Frequently Asked Questions (FAQs)

1. Who can access HSBC’s Premier Exclusive rates?Only existing HSBC Premier current account holders are eligible. You must open the account before application submission to qualify.
2. How do these rate reductions affect my monthly repayments?Lower rates typically result in lower monthly payments or improved affordability, depending on your loan amount and term.
3. Are these new rates available for both purchases and remortgages?Yes. Most products with reduced rates apply to purchases, remortgages, and product switches or additional borrowing.
4. Can I secure a new rate if I already have a mortgage with HSBC?Yes. Existing customers can switch to these lower-rate options or borrow more, subject to eligibility.
5. How do I apply or find out if I qualify for a specific HSBC mortgage?Contact our mortgage advisors for a personal assessment and to explore the most suitable HSBC product for your situation.