16 June 2022

HSBC UK introduces £500 Cashback on higher LTV mortgages

HSBC UK has added a Cashback mortgage option to its range of residential mortgages, providing £500 back on selected mortgages, the bank has announced.

The new cashback offer is available from 6th June on 85% LTV and above, for first time buyers and those purchasing a new home, helping those with a smaller deposit move onto or up the property ladder.

The £500 cashback offer is available on the bank’s 2, 3 and 5 year, through their extensive broker network and for those choosing to apply direct.

The Cashback deals available include:

  • 2, 3 and 5 year 90% LTV at 2.99% with £500 cashback
  • 2 year 95% LTV at 3.19% with £500 cashback
  • 3 and 5 year 95% LTV at 3.24% with £500 cashback

Michelle Andrews, HSBC UK’s Head of Buying a Home, said: “This is an exciting time for HSBC UK as we broaden our range of mortgages even further, to help us meet the needs of more buyers.

“When you get the keys to your new home, having some cashback could really help with the costs involved of buying a house and help make your new house a home.”

Media enquiries to:

Steve Gracey, HSBC UK Press Office: 020 7991 4118 | steve.gracey@hsbc.com

Email: UKPressOffice@hsbc.co.uk

Note to editors:

HSBC UK serves over 14.75 million customers across the UK, supported by 24,000 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$3,022bn at 31 March 2022, HSBC is one of the world’s largest banking and financial services organisations.