HSBC UK cuts mortgage rates across the board by up to 0.40%
Highlights include:
- 75% LTV 5 year fixed rate (£999 fee) cut to 1.64% and becomes the lowest rate available at that level;
- 90% LTV 2 year fixed rate (no fee) reduced by 0.40% to 3.59%;
- 90% LTV 5 year fixed rate (no fee) down by 0.40% to 3.74%;
- 2 year Tracker – 70% and 75% LTV reduced by 0.40% to 1.69%; and
- 60% LTV 2 year fixed rate (£999 fee) down by 0.05% to 1.19%.
Michelle Andrews, HSBC UK’s Head of Buying a Home, said: “Despite the obvious challenges, the housing and mortgage markets are quite lively. This rate cut by us, with eleven mortgages reduced by 0.30% or 0.40%, including those at 90% LTV, means getting onto or up the property ladder with HSBC UK, has become more affordable.”
Media enquiries to:
Steve Gracey , HSBC UK Media Relations – steve.gracey@hsbc.com / 020 7991 4118
Email: UKPressOffice@hsbc.co.uk
HSBC UK
HSBC UK serves around 14.5 million customers across the UK, supported by 32,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,956bn at 30 September 2020, HSBC is one of the world’s largest banking and financial services organisations.