HSBC Residential Mortgage Rate Increases: What UK Borrowers Need to Know (September 2025 Update)

Key Changes to HSBC Residential Mortgage Rates

HSBC has released an update confirming upcoming increases to a wide range of its UK residential mortgage rates, effective from Tuesday, 9th September 2025. These changes impact both new and existing customers across various mortgage products, including fixed-rate deals and energy-efficient home ranges. If you are planning to switch, remortgage, or apply for a new residential mortgage with HSBC, it is important to understand how these rate adjustments could affect your borrowing options and monthly repayments.

Summary of Affected HSBC Mortgage Products

The rate increases apply across the following categories:

• Existing Customer Switching: 2 and 5 year Fixed Fee Saver, Standard, and Premier Exclusive deals (from 60% to 95% LTV)
• Existing Customer Borrowing More: Similar 2 and 5 year fixed-rate ranges
• First-Time Buyers & Home Movers: Fixed Fee Saver, Standard, High Value, and Premier loans (60%-95% LTV)
• Energy Efficient Home Range (A & B EPC): 2 and 5 year fixed options
• Remortgage Products: Includes Cashback, Energy Efficient Range, and standard remortgages up to 75% LTV
• International Residential: For those eligible, 2 and 5 year fixed options at up to 75% LTV

LTV refers to “Loan to Value,” the size of the mortgage relative to the property value, and higher LTVs often mean higher rates.

What Does This Mean for HSBC Mortgage Applicants?

These changes mean that most new applications and product switches will now carry higher interest rates, particularly across the most popular fixed-rate periods (2 and 5 years) at varying LTV bands. Both standard and fee saver options are affected. Notably, those seeking to borrow with lower deposits (higher LTVs) or remortgage to take advantage of fixed-rate security will need to budget for higher potential monthly payments.

Special Note on HSBC Premier Mortgage Rates

HSBC’s Premier Exclusive mortgage rates remain available but only to customers with an existing HSBC Premier current account. If the account is not open before application, only standard rates apply. To secure Premier rates after opening an account, an amendment or a rate change request can be submitted.

• To find out about eligibility and benefits of Premier status, visit the HSBC Premier Help page.

Recent Standard Variable Rate (SVR) Reductions

Despite the fixed-rate increases, HSBC has also recently reduced its Standard Variable Rates (SVRs):

• Residential SVR dropped from 6.74% to 6.49%
• Buy to Let SVR dropped from 7.60% to 7.50%

This may help some borrowers whose deals move onto SVR at expiry.

Action Steps for Mortgage Customers

• Deadline: Submit HSBC mortgage applications before midnight, Monday 8th September to secure existing (lower) rates.
• All paperwork and supporting documents must be with HSBC within 30 days of submission.
• Check eligibility for Premier rates and open the appropriate account if seeking best available deals.
• Use the HSBC product finder tool to explore current product availability and rates as of 9th September.

Why Consider HSBC for Your UK Mortgage?

• Broad product selection: Fee Saver, Standard, Premier, energy efficient homes, cashback, international and high-value options.
• Secured borrowing: Wide LTV bands and fixed periods to suit most needs.
• Competitive SVRs: Recent rate reductions could benefit some customers post-fixed rate.
• Energy-efficient incentives: Dedicated rates for A & B EPC rated properties, encouraging sustainable home purchases.

Next Steps

With mortgage rates rising across much of HSBC’s residential mortgage range, UK borrowers should review their options carefully and act quickly if a current lower-rate deal is preferred. For expert, personalised mortgage advice and to ensure you secure the most competitive deal for your circumstances, contact our mortgage advisory team today. We’re here to help you navigate these changes and find the right HSBC solution for your needs.

Frequently Asked Questions (FAQs)

• Who qualifies for HSBC Premier mortgage rates?
  Only existing HSBC Premier current account holders qualify for Premier Exclusive mortgage rates. If you do not have Premier status, standard rates will apply.
• How do these rate increases affect my monthly repayments?
  Increasing fixed rates result in higher monthly mortgage repayments for new applications or product switches. Check your personalised quote for exact figures.
• Are there still any mortgage deals with cashback or for energy-efficient homes?
  Yes, HSBC continues to offer cashback and energy-efficient home products, though these will also see increased rates from 9th September.
• How quickly must I act to secure a current lower rate?
  Submit a completed application by midnight, 8th September 2024. Required documentation must be submitted within 30 calendar days.
• Is HSBC suitable for remortgage or first-time buyer needs?
  Yes, HSBC offers a broad choice for both remortgage and first-time buyers, including Standard, Fee Saver, Premier, and energy-efficient home deals at varying LTVs.