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HSBC has announced changes to mortgages and home loans effective tomorrow (March 28).
Rates are being reduced across a range of products for existing borrowers, new buyers and carriers, remortgagors, existing and new BTL clients and international private clients.
For existing private clients looking to switch or take on more, cuts are being introduced on two-, three- and five-year fixed mortgages, including savings on fees, standard and exclusive premium mortgages.
This refers to a loan-to-value range of 60% to 90%, depending on the product.
Those who want to buy property for the first time or move home can look forward to discounts on a two-year fixed standard mortgage with a rate of 90% LTV. As for the five-year flat fee savings, there will be 60%, 70%, 75%, 80%, 85% and 90% LTV discounts.
Similar discounts are introduced for BTL customers. This follows a 0.30% decline in most BTL and HSBC international mortgages earlier this month.
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