HSBC UK cuts mortgage rates on 60% LTV to 75% LTV mortgages
The 15 mortgage rate cuts on lower LTV mortgages include:
- 60% LTV 2 year fixed rate with £999 fee cut by 0.10% to 1.04%, with the Feesaver equivalent down by 0.10% to 1.29%;
- 60% LTV 5 year fixed with £999 fee reduced by 0.05% to 1.19%, with the Feesaver equivalent down by 0.05% to 1.49%;
- 75% LTV 2 year fixed rate Feesaver down by 0.15% to 1.59%, the £999 fee equivalent mortgage is cut by 0.05% to 1.29%
Michelle Andrews, HSBC UK’s Head of Buying a Home said: “Whether customers have a larger or smaller deposit, recent cuts to mortgage rates across all LTVS will be welcome.
“Plus, with the Stamp Duty Land Tax tapering down at the end of the month, these cuts will make getting onto or moving up the property ladder more affordable, possibly being the difference in a home buyer being able to afford the property of their dreams.”
Media enquiries to:
Steve Gracey, HSBC UK Media Relations | steve.gracey@hsbc.com | 020 7991 4118
Email: UKPressOffice@hsbc.co.uk
Note to editors:
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 $2,959bn at 31 March 2021, HSBC is one of the world’s largest banking and financial services organisations.