6 January 2021

HSBC UK re-introduces mortgages at 90% LTV

HSBC UK is expanding its mortgage lending by re-introducing 90% Loan To Value mortgages from Tuesday 12th January, the bank announced today.

The decision, which will provide 2 year and 5 year fixed rate options up to 35 year terms, gives a welcome boost to first time buyers who typically utilise higher LTV mortgages. Mortgage rates will be announced on the 12th January.

Michelle Andrews, HSBC UK’s Head of Buying A Home, said: “I am pleased and proud to announce that we will be re-introducing mortgages at up to 90% LTV. These mortgages build on our significant support for brokers and mortgage customers throughout 2020 and will be available across the board – for home purchases, first time buyers and to those remortgaging - all up to a maximum of 35 years.

“The new lockdown will undoubtedly present challenges, but the experience of overcoming numerous difficulties during the original lockdown, for example making more use of automated valuations, will be invaluable. We are all seeking a return to normal, although for many it will feel like we may not see that for a while. With us returning to the higher LTV space, hopefully that is a little bit of welcome normality.”

These 90% LTV mortgages will be available direct from HSBC UK and through its broker partners. Customers may be able to borrow up to £400,000.

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 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.