HSBC cuts rates on mortgage deals

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HSBC has applied interest rate reductions of up to 0.25 per cent on fixed rate mortgages, across a range of loan to value products.

The changes include rate reductions on 14 different mortgage deals with the following highlights:

  • 2 year fixed at 90 per cent LTV reduced to 1.94 per cent with a £999 fee
  • 2 year Feesaver fixed at 90 per cent LTV cut by 0.10 per cent to 2.34 per cent
  • 5 year fixed at 60 per cent LTV with £999 fee reduced by 0.10 per cent to 1.69 per cent
  • 0.25 per cent cut to 2.69 per cent on the 10 year fixed rate mortgage at 70 per cent LTV with a £999 and free valuation

HSBC head of mortgages Tracie Pearce says: “Following the Easter break, the home-buying season should soon be in full swing. These rate cuts across our range of LTVs will help those buying for the first time as well as those moving home or wanting to remortgage.”