Good news for homebuyers and landlords! HSBC has announced a welcome cut across a wide range of mortgage rates, starting today (Tuesday, 23rd July). Let’s break down what this means for you:

Cheaper Deals for Homeowners

• Fixed-Rate Deals: Whether you’re on a 2, 3 or 5-year fixed-rate mortgage, HSBC has slashed rates on many of its popular deals. This is fantastic news if you’re looking to save money on your monthly repayments.
• Switching to a Better Deal: Existing HSBC customers can now grab an even better deal by switching to a new product.
• Loan-to-Value (LTV) Ratios: The good news is for almost everyone, as the rate cuts apply across a range of LTVs. This means even if you have a smaller deposit, you could still bag a great rate.
• Energy-Efficient Homes: Got an energy-efficient home with an A or B rating? You’re in luck! HSBC is offering even lower rates on selected mortgages.

Landlords Benefit Too

It’s not just homeowners who are celebrating. HSBC has also cut rates on its buy-to-let (BTL) mortgages. So, landlords can now secure cheaper deals, whether they’re buying a new property or remortgaging an existing one.

International Buyers Included

HSBC hasn’t forgotten about international buyers. They’ve also cut rates on their range of international residential mortgages.

What’s Next?

These rate cuts from HSBC are a positive sign for the property market. If you’re thinking of buying a new home or remortgaging your current one, now might be the perfect time to act. Get in touch with a mortgage broker or speak directly to HSBC to see how much you could save!