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HSBC confirms rate changes
HSBC has confirmed that it will lower rates across its residential mortgage range by an average of 0.15 per cent and buy-to-let rates by up to 0.32 per cent.
The lender announced that it would cut a range of rates yesterday but did not release details until today.
HSBC said residential mortgage cuts ranged from 0.1 per cent to 0.25 per cent.
For existing customer switching, pricing starts at 5.42 per cent for a two-year fixed rate with no fee at 60 per cent loan to value (LTV).
In its existing customer borrowing more range, products are priced from 5.42 per cent for a fee-free two-year fixed rate at 60 per cent LTV.
First-time buyer products begin from 5.59 per cent and home mover deals start from 5.59 per cent.
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On the remortgage side, pricing is set from 5.99 per cent and international residential rates start from 6.39 per cent.
Within its buy-to-let range, buy-to-let purchase deals begin from 6.19 per cent and buy-to-let remortgage pricing starts from 6.19 per cent.
Buy-to-let existing customers borrowing more can access rates as low as 5.42 per cent along with existing customers switching rates.