As of tomorrow, Wednesday, 8th May, HSBC will make several changes to its residential and buy-to-let (BTL) mortgage product ranges.

The bank is introducing a new UK BTL product that features a £3,999 fee for both 2-year and 5-year fixed rates, available for both purchase and remortgage customers across all loan-to-value (LTV) ratios.

For existing residential customers who are considering switching or borrowing more, there will be increases in rates across various mortgage products.

This includes increases in the 2-year and 5-year Fixed Fee Saver mortgages at LTVs of 60%, 70%, 75%, and 90%, and the 2-year and 3-year Fixed Standard mortgages at LTVs of 60%, 70%, and 75%.

Additionally, the 3-year Fixed Fee Saver will see rate increases at LTVs of 60%, 70%, and 75%, and the 5-year Fixed Standard rates will rise at LTVs of 60%, 70%, 75%, and 90%.

The 10-year Fixed Fee Saver and Fixed Standard mortgages will have increased rates at LTVs of 60%, 70%, 75%, and 80%, and the 5-year Fixed Premier Exclusive mortgage rates will increase at LTVs of 60%, 70%, 75%, and 90%.

In the BTL category, for customers looking to switch, there will be increases in the 2-year and 5-year Fixed Fee Saver rates at LTVs of 60%, 65%, and 75%, and the 2-year and 5-year Fixed Standard rates will also rise at LTVs of 60%, 65%, and 75%.