HSBC launches new sub-1% mortgages and lowest ever remortgage rates

HSBC UK has made a series of rate reductions across its mortgages, including some of its lowest ever rates for remortgages.

Related topics:  Mortgages
Rozi Jones
14th September 2021
hsbc bank
"These cuts will make getting on to or moving up the property ladder more affordable, possibly being the difference in a home buyer being able to afford the property of their dreams."

Fixed rate products have seen reductions of up to 15bps and tracker products have reduced by up to 40bps.

A five-year fixed rate remortgage product is now available at 0.94% up to 60% LTV with a £999 fee.

Elsewhere in the remortgage range, a two-year fixed rate at 75% LTV is available at 1.29% with no fee and a five-year fix starts at 1.14% with a £999 fee.

Those wishing to move home or take their first step on the property ladder can take advantage of discounts up to 20bps.

Two-year fixed rates now start from 0.99% at 75% LTV, 1.59% at 85% LTV, and 1.94% at 90% LTV, all with a £999 fee.

Michelle Andrews, HSBC UK’s head of buying a home, said: “Buying a home or remortgaging with us has never been cheaper.

“These cuts will make getting on to or moving up the property ladder more affordable, possibly being the difference in a home buyer being able to afford the property of their dreams.”

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