HSBC withdraws tracker products from sale

HSBC has announced that all of its two-year tracker products have been removed from sale.

Related topics:  Mortgages
Rozi Jones
25th March 2020
HSBC

A number of lenders, including Metro Bank and Nationwide, withdrew their tracker products from sale in response to the second Bank Rate cut from 0.25% to 0.10%.

However this morning, Nationwide re-introduced a range of two-year tracker mortgages, five days after withdrawing all tracker products.

Alongside the changes to tracker mortgage products, HSBC has decreased a number of fee saver rates at 85% LTV.

Two-year fixed rates now start from 1.84%, three-year rates from 1.94%, and five-year rates from 1.99%, all with no fee.

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