Last week, HSBC said it would lower residential, buy-to-let (BTL) and international mortgage rates – however, the specific rates were not shared.
The lender has said there are over two dozen sub-4% options for customers across its range of mortgages, which is the most sub-4% mortgages available from the bank since September last year.
HSBC added rates for premier customers are as low as 3.88%, which is a drop of 0.19%. This is for a two-year fixed rate with a £999 fee at 60% loan to value (LTV) for home purchase, first-time buyers and existing premier customers.
For non-premier customers buying a home, including first-time buyers, its two-year fixed rate at 60% LTV with a £999 fee is 3.91%, while its five-year fixed rate at the same LTV tier with the same fee is 3.93%.
BTL rates have been cut by up to 0.12%, with sub-4% options available. This includes its 60% LTV option at 3.91% with a £3,999 fee.
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On the international side, there are reductions of up to 0.2%, with the cheapest rate standing at 4.31% for a three-year fixed rate at 60% LTV with a £999 fee.
Oli O’Donoghue, director of mortgages at HSBC UK, said: “We are firmly focused on helping people achieve their homeownership goals, from remortgaging their existing property to customers moving onto or up the property ladder.
“There are a number of factors taken into account when setting mortgage rates and following a review, we are pleased to announce rate reductions across our residential, buy-to-let and international mortgage ranges for new and existing customers, with several below 4%.”
Mortgage rates have been steadily falling, with Halifax, Nationwide and MPowered Mortgages introducing sub-4% mortgages last week.
This article was first published on YourMoney.com‘s sister site, Mortgage Solutions. Read: HSBC confirms rate cuts with many sub-4% deals available
