See the latest announcement from HSBC below. Note that you can access HSBC via the Brilliant Solutions mortgage club but the lender does place some restrictions on access. Contact us for details.
HSBC Mortgage Product Guides are available here but check the date to ensure it has been updated to reflect the announcements below.
We’re decreasing our mortgage products
With effect from Friday 5th July, we’ll be making a number of changes to our residential mortgage product ranges.
We have introduced a cashback incentive offering on our UK Residential First Time Buyer products at 60%, 70% and 75% LTV. We have also increased the cashback incentive offering on our UK Residential First Time Buyer Energy Efficient Homes range (A&B EPC rated properties) at 60%, 70% and 75% LTV.
Existing residential customer switching
· 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV decreasing
· 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 3 Year Fixed Fee Saver at 70%, 75%, 80%, 85%, 90% and 95% LTV decreasing
· 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
Existing residential customer borrowing more
· 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 3 Year Fixed Fee Saver at 70%, 75%, 80%, 85% and 90% LTV decreasing
· 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
Residential First Time Buyer / Home mover
· 2, 3 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV decreasing
· 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
Residential First Time Buyer / Home mover Energy Efficient Home (A & B EPC Rated Properties)
· 2, 3 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV decreasing
· 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
Residential Remortgage
· 2 Year Fixed Fee Saver at 70%, 75%, 80%, 85% and 90% LTV decreasing
· 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 3 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
Residential Remortgage Cashback
· 2 Year Fixed Fee Saver at 70%, 75%, 80%, 85% and 90% LTV decreasing
· 2 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80% ,85% and 90% LTV decreasing
Residential Remortgage Energy Efficient Home (A & B EPC Rated Properties)
· 2 Year Fixed Fee Saver at 70%, 75%, 80%, 85% and 90% LTV decreasing
· 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 3 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
Residential remortgage cashback Energy Efficient Home (A & B EPC Rated Properties)
· 2 Year Fixed Fee Saver at 70%, 75%, 80%, 85% and 90% LTV decreasing
· 2 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
· 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV decreasing
International*
International Residential
· 2 Year Fixed Fee Saver at 70% and 75% LTV decreasing
· 2, 3 & 5 Year Fixed Standard at 60%, 70% and 75% LTV decreasing
· 3 & 5 Year Fixed Fee Saver at 60%, 70% and 75% LTV decreasing
· 5 Year Fixed Premier Exclusive at 60%, 70% and 75% LTV decreasing
There are no changes to any other interest rates at this time.
Further information
· Use our ‘Chat with us’ service to request a rate change on an existing mortgage application. Please note, due to increasing demand, wait times may be longer than usual.
· To secure existing product codes, please submit applications in full by midnight, Thursday 4th July.
· All evidential and supporting documentation must be provided within 30 calendar days of submission.
· The product finder tool and sourcing systems will be updated for Friday 5th July.