HSBC launches sub-4% mortgage rates at 90% LTV

HSBC UK is reducing rates across dozens of mortgage products, with rate reductions of up to 0.11 percentage points applied to its first-time buyer range. 

The rate reductions offer support to home-movers, first-time buyers and existing customers looking to switch to a new rate. 

HSBC UK’s lowest priced product is now priced at 3.56%, available on two-year fix at 60% LTV with a £999 fee for home-movers. 

Elsewhere in its residential purchase range, two-year fixed rates at 90% LTV have reduced to 3.96% on the bank's Premier product and 3.99% for the standard product with a £999 fee and £250 cashback.

At 95% LTV, a fee-free two-year fixed rate has decreased to 4.66% with £250 cashback.

In HSBC's first-time buyer range, 90% LTV two-year fixed rates now start from 4.01% for a Premier product with £750 cashback, 4.06% for the standard rate with £750 cashback, and 4.26% fee-free with £500 cashback.

A 95% LTV two-year fix has reduced by 11bps to 4.68% with no fee and £1,000 cashback.

In addition, a five-year fixed rate at 90% LTV is down to 4.19% with £750 cashback.

In HSBC's switcher range, a two-year fix at 95% LTV has reduced to 4.66% with no fee.