HSBC trims rates and launches new two-year Premier range
This is the first time HSBC has offered Premier customers an exclusive two-year fixed rate since 2019.
HSBC UK has introduced a two-year Premier-exclusive range with a £999 fee for residential purchase, remortgage and existing customers.
This is the first time HSBC has offered Premier customers an exclusive two-year fixed rate since 2019.
Available between 60% and 90% LTV, the lowest rate is 4.17% vs 4.20% for non-Premier customers.
HSBC has also announced reductions of up to 0.07% across all Premier mortgages between 70% and 90% LTV. The lowest Premier mortgage rate remains at 4.06% (vs 4.09% for non-Premier customers).
As part of the changes, HSBC's booking fee for the five-year Premier mortgage range is reducing from £1,499 to £999, making it the same product fee as non-Premier customers but with slightly lower mortgage rates.
The latest rate reductions follow cuts of up to 0.47% across HSBC's residential and buy-to-let ranges last week.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Santander
Santander to acquire TSB in £2.65bn deal
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
Financial Conduct Authority
FCA moves ahead with targeted support in 'transformational' advice reforms
This week's biggest stories:
Santander
Santander to acquire TSB in £2.65bn deal
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
Financial Conduct Authority
FCA moves ahead with targeted support in 'transformational' advice reforms
Mortgages
FCA and PRA remove 15% LTI cap for mortgage lenders
GDP
August rate cut likely as GDP falls for second consecutive month
