"We are also providing higher cashback, of up to £750 for first-time buyers"
HSBC UK has added three-year and 10-year fixed rates to its mortgage range.
Three-year fixed rates are available up to 90% LTV with cashback of up to £500, while 10-year fixed rates start from 3.89% at 60% LTV, with fee-free options also available.
The additions come as the bank increases the number of fee-saver mortgages with cashback offers, providing up to £750 to first-time buyers and up to £500 for home movers, alongside reduced rates for new and existing customers.
HSBC has made reductions of up to 0.35% for existing customers and up to 0.18% for new customers.
The Bank is now offering a selection of mortgages under 4%, with five-year fixed rates at 60% LTV starting at 3.86% with a £1,499 product fee, 3.89% with a £999 fee, and 3.99% fee-free.
Michelle Andrews, HSBC UK’s Head of Buying a Home, said: “Providing customers with more options for the length of a fixed rate mortgage will help provide certainty on how much their mortgage will cost over two, three, five or 10 years. They will know what their monthly mortgage payments will be, plus it gives them greater flexibility on finding a mortgage option that suits their budget.
“We are also providing higher cashback, of up to £750 for first-time buyers, which might be particularly welcome to cover some costs relating to their move or to help them put their own stamp on their new home.”
