10 August 2021

HSBC UK cuts mortgage rates and now offers lowest ever rate

HSBC UK has cut interest rates of up to 0.15% on mortgages up to 80% LTV, and now offers its lowest ever fixed mortgage rate at 0.89%, the bank confirmed today.

This move comes as HSBC UK introduces a new mobile-friendly mortgage Decision in Principe tool online, which typically allows customers to complete a Decision In Principle in less than 10 minutes.

The mortgage rate changes include:

  • The bank’s lowest ever mortgage rate: 60% LTV 2 Year fixed rate (with £999 fee) cut by 0.05% to 0.89%;
  • Five year deal goes sub-1%: 60% LTV 5 year fixed rate (with £999 fee) down by 0.10% to 0.99%;
  • 75% LTV 5 year fixed rate (£999 fee) reduced by 0.10% to 1.19%; and
  • 75% LTV 5 year fixed rate (Feesaver) down by 0.15% to 1.54%

Michelle Andrews, HSBC UK’s Head of Buying A Home, said: “Remortgaging, buying a home or getting additional lending with us has never been cheaper. And now, with improvements to our application process, accessing a Decision In Principle online or on your mobile, has never been quicker.

“The benefits of a lower rate, and lower mortgage payments, are obvious, but providing applicants with a rapid Decision In Principle and an instant email confirming our lending, provides applicants with important peace of mind and means they don’t need to hold back on timely decisions when they could be looking at the house of their dreams or their forever home.”

Media enquiries to:

Steve Gracey, HSBC UK Media Relations | steve.gracey@hsbc.co.uk | 020 7991 4118

Email: UKPressOffice@hsbc.co.uk


HSBC UK serves around 15 million customers across the UK, supported by 26,000 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 US$2,976bn at 30 June 2021, HSBC is one of the world’s largest banking and financial services organisations.