HSBC reduces resi and BTL rates by up to 45bps, 5-year loans falls to under 4% 


The high street bank adds that this includes reducing its five-year 60% loan-to-value offer, with a £999 fee, to under 4.00% for the first time since September.  

Highlights include:   

  • Reductions of up to 45bps on more than 130 residential mortgages  
  • Its first five-year fixed-rate mortgage under 4.00% since September 2022, at 60% LTV, with a £999 fee and priced at 3.99% for remortgages  
  • More cashback options added with £500 or £250 available on over 25 mortgages   
  • And two dozen rate cuts across its buy-to-let loans, with reductions ranging from 5bps to 30bps  

The lender adds this is the “third and most significant set of reductions” it has made across its home loans this year and comes as the bank recently lifted interest rates on savings accounts for the seventh time in a year.  

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