New offers from HSBC

HSBC has announced a number of rate reductions on its fixed rate mortgages.

Changes include a 2-year fixed rate 60 per cent loan-to-value (LTV) at 2.44 per cent with £1,499 fee or 60 per cent LTV at 2.89 per cent with £599 fee, a 70 per cent LTV at 3.09 per cent with £599 fee and an 80 per cent LTV at 3.49 per cent with £599 fee.

On the 5-year rate, there is a 70 per cent LTV fixed at 3.49 per cent with £599 fee or 80 per cent LTV fixed at 3.99 per cent with £599 fee.

And, for those looking for a 7-year fixed rate, there is a 60 per cent LTV at 3.79 per cent with £499 fee and a 60% LTV at 3.99 per cent with no fee,

In addition, HSBC continues to offer its current mortgage range for homebuyers with a 10 PER CENT deposit, which includes fee-free 2-, 3-, 5- and 7-year fixed rate at 4.89 per cent and a fee-free lifetime tracker at 3.99 per cent over BOE BR (4.49 per cent).

HSBC head of mortgages Peter Dockar said: “With some lenders increasing their standard variable mortgage rates, we understand that UK borrowers are looking at ways to make savings on their outgoings.

“We have consistently offered competitive rates and continue to review our mortgage range to ensure our customers have access to the best possible rates, whether they are buying for the first time, moving house or remortgaging.