HSBC rate reductions across the board, effective from today 

HSBC rate reductions across the board, effective from today 


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HSBC is the latest lender to announce significant reductions in its mortgage products, effective from today.

The changes apply to a range of residential and buy-to-let products.

For existing residential customers switching their mortgage, reductions apply to 2-year fixed fee saver products at 60%, 70%, 75%, 80%, 85%, 90%, and 95% loan-to-value. 

The 2- and 3-year fixed standard products at 60%, 70%, 75%, 80%, 85%, and 90% LTV will also see lower rates. 

Customers opting for 3- and 5-year fixed fee saver products at 80%, 85%, 90%, and 95% LTV or 5-year fixed standard mortgages at 80%, 85%, and 90% LTV will also benefit. 

Those borrowing more on existing residential mortgages will see similar reductions across 2-year fixed fee saver products at 60%, 70%, 75%, 80%, 85%, and 90% LTV. 

Lower rates will also be offered for 2- and 3-year fixed standard products at the same LTV brackets. There are reductions for 3- and 5-year fixed fee saver mortgages at 80%, 85%, and 90% LTV. 

For first-time buyers and home movers there are reductions in 2- and 5-year fixed fee saver and standard products at 60%, 70%, 75%, 80%, 85%, 90%, and 95% LTV. 

On high-value mortgages, rate decreases apply to 60%, 70%, and 75% LTV brackets. Premier exclusive products are similarly reduced at 60%, 70%, 75%, 80%, 85%, and 90% LTV. 

Loans on properties with an Energy Performance Certificate rating of A or B will also see reduced rates across 2- and 5-year fixed fee saver and standard mortgages, covering LTV brackets from 60% to 95%.

Cashback remortgage options, including energy-efficient home products, are part of the revised rates for the same LTV brackets.

And for buy to let borrowers, reductions include 5-year fixed fee saver products at 60% LTV for existing customers.

International BTL customers will benefit from reductions in 2-year fixed fee saver and standard products at 60%, 65%, and 75% LTV, as well as 5-year fixed fee saver products at 65% and 75% LTV.

HSBC also plans to review its mortgage switch window, aiming to restore it to 90 days by the end of this month.

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