HSBC Updates Mortgage Products: Launches Energy Efficient Buy-to-Let Range and Changes Cashback Incentives

HSBC Mortgage Product Changes: What UK Borrowers Need to Know

HSBC has announced significant updates to its mortgage product range, set to take effect from Tuesday, 19th August. These changes impact residential borrowers, first-time buyers, home movers, buy-to-let investors, and especially those interested in energy-efficient properties.

If you are considering a new mortgage or remortgage, here’s what you need to know about HSBC’s latest product enhancements and criteria updates.

Key Updates to HSBC Mortgage Products

• New Energy Efficient Homes (EEH) Range: HSBC has launched a brand new range for Buy-to-Let (BTL) purchase and remortgage customers. These products offer a cashback incentive if the property has an Energy Performance Certificate (EPC) rating of A or B.
• Reduced Cashback on Residential Mortgages: HSBC is decreasing the cashback incentive for customers on its First Time Buyer, Homemover, and Remortgage residential EEH ranges.
• Fixed Rate End Date Changes:
  • 2 Year Fixed: 30th September 2027 → 30th November 2027
  • 3 Year Fixed: 30th September 2028 → 30th November 2028
  • 5 Year Fixed: 30th September 2030 → 30th November 2030
  • 10 Year Fixed: 30th September 2035 → 30th November 2035
• Premier Range Exclusivity: HSBC’s Premier mortgage rates are now available exclusively to existing HSBC Premier current account holders. Applications must be made using these account credentials to secure these rates.
• No Other Rate Changes: There are no further changes to any other HSBC interest rates at this time.

What Do These Changes Mean for Borrowers?

These updates offer new opportunities—especially for buy-to-let investors seeking energy-efficient properties—but also bring adjusted incentives for residential product customers. Here are the most impacted borrower profiles:

• Buy-to-Let Investors: Can now access exclusive cashback incentives when financing properties with an EPC rating of A or B.
• Residential Homebuyers and Movers: Reduced cashback is available on energy efficient mortgage options in the First Time Buyer, Homemover, and Remortgage segments.
• Premier Account Holders: Only those with a HSBC Premier current account can access preferential mortgage rates. Other borrowers must use non-premier products until their account status is updated.
• All Fixed Rate Applicants: New fixed-rate mortgages now have later end dates, providing slightly longer benefit periods at current rates.

Special Features and Promotions

• Energy Efficient Cashback: Both buy-to-let and residential applicants can earn cashback by selecting efficient properties (EPC A/B), encouraging greener investment and home ownership.
• Premier Account Rate Switch: New or existing customers can open an HSBC Premier account and then apply to access preferential rates via an Application Amendment Form or the bank’s online chat.

Why Choose HSBC as Your Mortgage Lender?

• Green Mortgage Incentives: HSBC supports sustainable homes, offering extra cashback for efficient properties on both the buy-to-let and residential side.
• Extended Fixed Terms: Latest fixed-rate end dates provide peace of mind and rate security through longer periods, helping long-term financial planning.
• Specialist Premier Products: Premier borrowers have exclusive access to some of HSBC’s most competitive mortgage rates.
• Reputation and Stability: HSBC remains one of the UK’s most established and trusted mortgage lenders.

What Should Borrowers Do Next?

If you are interested in securing one of HSBC’s updated mortgage products—or want to take advantage of the energy efficiency incentives—contact our expert mortgage advisers today for tailored, up-to-date guidance and support through the application process. Act quickly to secure current codes before midnight, Monday, 18th August, as HSBC’s digital product finder will reflect the new ranges from Tuesday, 19th August.

• Ready to Apply? Gather all necessary documentation and submit your full application before the product switch date for the best range of options.
• Need More Information? Our team can walk you through rate eligibility, Premier account requirements, and help you choose the right HSBC mortgage product for your needs.

Frequently Asked Questions (FAQs)

• Who qualifies for the HSBC Energy Efficient Homes cashback incentive?
  Any buy-to-let or residential borrower (purchase or remortgage) financing a property with an EPC rating of A or B is eligible, subject to full lending criteria.
• How do the fixed-rate end date changes affect my mortgage?
  Fixed periods now end on 30th November of the relevant year, extending the rate guarantee for around two extra months per term.
• Are Premier mortgage rates available to all HSBC mortgage applicants?
  No, only existing HSBC Premier current account holders are eligible. Standard rates apply unless you open a Premier account and update your application.
• How can I apply or check if I qualify for these products?
  Contact our mortgage advisors or use HSBC’s online product finder to check eligibility. Ensure your documentation is ready and submit before the product deadlines.
• What happens if my application isn’t fully submitted by 18th August?
  You may only access the new product range, not existing offers, as the changes come into effect on 19th August.