HSBC has made a series of mortgage rate reductions.
The new mortgage rates include 26 mortgages that are reduced by up to 0.4 percentage points, as well as new rates at 90% LTV.
The new range also includes a two year fix at 1.69% for up to 70% LTV down from 1.74%, and continuation of its two year discount rate at 0.99%, available for up to 60% LTV.
The mortgage range includes:
· 60% LTV 2 year fixed – 1.89% (down 0.1 percentage points from 1.99%) with no fee
· 70% LTV 5 year fixed – 2.69% (down 0.3 percentage points from 2.99%) with no fee
· 85% LTV 3 year fixed – 3.09% (down 0.4 percentage points from 3.49%) with no fee
· 85% LTV 5 year fixed – 3.29% (down 0.15 percentage points from 3.44%) with no fee
Tracie Pearce, head of mortgages at HSBC, said: “We are committed to helping customers take their first step onto, or move up, the property ladder, and these new lower rates will be welcome, as will the news that we are making these rates available to more people.”