3 December 2025

HSBC UK expands cashback for first-time buyers and cuts mortgage rates

HSBC UK is expanding its first-time buyer cashback incentive and increasing the amount available from £700 to £2,000.

This increase is part of HSBC UK’s package of measures to back businesses and households, and will help first-time buyers through the process of buying a home. This builds on HSBC UK’s recent changes to increase borrowing limits.

Cashback has also been introduced across the First-Time Buyer range on 60-75% LTV products and has been increased for 80-95% LTV.

First-time buyers purchasing a property with an EPC of A-B can now receive a total cashback between £1,000 and £2,000, while the FTB standard cashback will now range from £500-£1,500.

The bank is also decreasing rates across more than 100 mortgage products by up to 0.12 percentage points across its remortgage and switcher options.

FTB Cashback options – summary of best rates:

5-year Standard £999 fee 95% LTV at 4.77% with £1,500 cashback, up from £350 cashback previously.
5-year EEH £999 fee at 95% LTV at 4.77% with £2,000 cashback, up from £700 cashback previously.
Cashback is also introduced on FTB Premier rates for the first time.

Summary of remortgage best rates:

2 year £999 60% LTV at 3.71%, decreased by 0.07%.
2 year no fee 60% LTV at 3.99%, decreased by 0.12%.
5 year £999 60% LTV at 3.80%, decreased by 0.03%.

Our Premier rates are also reduced:

2 year £999 60% LTV at 3.68%, decreased by 0.07%.

Oli O’Donoghue, Head of Mortgages at HSBC UK, said: “We are absolutely focused on supporting customers manage the cost of buying a home in the best way we can, while remaining committed to responsible, sustainable lending. As part of this, we are continuously reviewing our mortgage product range to ensure it offers strong value for customers.

“This year so far, we have already helped 28,000 first-time buyers realise their homebuying dreams and have delivered improvements to affordability and loan to income to support this. Expanding our first-time buyer cashback incentive and increasing the amount we offer goes even further to help more customers make that first step on the property ladder.”

Media enquiries to:

Leila Taleb: Leila.Taleb@hsbc.com
Email: UKpressoffice@hsbc.co.uk

Notes to editors:

HSBC UK
HSBC UK serves over 15 million active customers across the UK, supported by 23,800 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 UK is a ring-fenced bank and wholly-owned subsidiary of HSBC Holdings plc.

HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,234bn at 30 September 2025, HSBC is one of the world’s largest banking and financial services organisations.