HSBC trims rates and launches new two-year Premier range

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.