HSBC cuts rates and expands broker panel

HSBC has cut rates on 23 different mortgage deals including fixed rates and trackers.

At 60 per cent loan to value its two-year fixed rate has come down by 0.1 per cent to 1.34 per cent with a £999 fee.

In the same LTV band its five-year fixed is down by 0.1 per cent to 1.74 per cent also with a £999 fee. 

At 70 per cent LTV its five-year fixed is down by 0.1 per cent to 1.79 per cent with the same fee.

For borrowers with smaller deposits its 90 per cent LTV two-year fixed is down by 0.05 per cent to 2.14 per cent with no fee.

In its tracker range, HSBC has cut its two-year deal at 60 per cent LTV from 1.44 to 1.39 per cent with a £999 fee.

At 80 per cent LTV its two-year tracker has come down from 1.64 per cent to 1.54 per cent with the same fee.

The lender has also added seven new firms to its panel of approved brokers, meaning that 119 adviser businesses now have access to its products.

The new broker firms are AMAC, Medical & Professional, Riverpark, Peritus, Financial Makeover (trading as ‘Clever’), Pure Financial and IMS Independent.

Interim head of mortgages and savings Aaron Shinwell says: “We are delighted to have reduced the interest rates across a number of our mortgages today. 

“Whether you are a first-time or next-time buyer, or looking to get the best deal on your existing mortgage, these lower rates will make getting on or moving up the property ladder more affordable.”

The post HSBC cuts rates and expands broker panel appeared first on Mortgage Strategy.