The new rates apply to both residential and buy-to-let (BTL) products, with the current residential SVR at 6.24% and the Bank of England base rate at 3.75%.
HSBC UK has reduced mortgage rates across its residential and buy-to-let product ranges by up to 0.11%, with the new pricing available from today.
The lender’s latest changes cover fixed-rate and tracker products, with residential borrowers able to access 2-year fixed rates ending in July 2028 and 5-year fixed rates ending in July 2031. The bank’s standard variable rate currently stands at 6.24%, while the Bank of England base rate is 3.75%.
Within its residential range, fee saver products now start from 4.78% with no booking fee and £250 cashback for loans between £10,000 and £2m. Standard products start from 4.47% with a £999 booking fee and £250 cashback, while Premier customers can access rates from 4.44% with a £999 booking fee and £250 cashback.
HSBC has also retained higher cashback options across selected products. Residential fee saver products with £350 cashback start from 4.73%, while standard products begin at 4.56%. High value mortgages for loans above £2m up to £5m are available from 4.72% with a £1,999 booking fee and no cashback.
Tracker products are available from 0.30% plus the Bank of England base rate, with high value tracker mortgages starting from 0.55% plus base rate.
The lender has also reduced rates across its buy-to-let proposition. Fee saver buy-to-let products now start from 4.89% with no booking fee and £250 cashback, while standard products begin at 4.59% with a £999 booking fee and £250 cashback.
Premier buy-to-let customers can access rates from 4.56% with a £999 booking fee and £350 cashback. Buy-to-let tracker products start from 0.42% plus the Bank of England base rate, while high value tracker options are available from 0.67% plus base rate.