It is also reducing the amount of rental cover required to 125% from 130% and increasing the maximum LTV on Buy To Let further advances to 75% from 60% LTV.
HSBC’s new Buy To Let range includes the following rates:
- 60% LTV 2 year fixed at 2.19% with £1,999 fee
- 60% LTV tracker at 2.99% with £1,999 fee
- 75% LTV 2 year fixed at 2.79% with £1,999 fee
- 60% LTV 5 year fixed at 3.29% with £1,999 fee
Tracie Pearce, Head of Mortgages at HSBC, said:
"We’ve sharpened our offering and expect to be able to help even more customers achieve their Buy To Let ambitions.
“The availability of Buy To Let products is now at its highest point since 2008. High rents and low interest rates mean customers are increasingly seeing Buy To Let as an attractive investment opportunity. The policy and pricing changes we have made will make our range available to even more people.”
