Significant mortgage rate reduction announces primary lender, unveiling an array of sub-4% loan offers.
Get Ready to Score a Sweet Deal on Your Mortgage!
Today's the day for homebuyers and mortgage-remortgagers - HSBC has dropped their mortgage rates, and it's looking juicy for those with some savings or a fat paycheck!
HSBC ain't messin' around; they've sliced up nearly all their mortgage rates, with some chopping boards as high as 0.24 percentage points. That's right, bud! It's sub-4% land we're treadin' on now.
So what's cookin', and who can hop on this gravy train?
You got options, my friend. Whether you're a first-time buyer crushin' on your dream house or a seasoned homeowner ready to switch things up, there's a deal tailored just for you. Here's a lowdown on some of HSBC's finest offerings.
Premier Players
First off, if you're among the chosen few with an annual income of over £100k, Box seats have been reserved for you. For those Premier banking customers gonnalock down their starter homes or move houses, you can snag a sweet 3.88% on a two-year fix. So long as you're dropping £999 upfront, it's all systems go!
But wait, here's the kicker - for non-Premier customers, the bargain basement offer goes for a cool 3.91%, still with a £999 fee, and it's also a two-year fix.
Skint 'n' Savvy
For those folks with a more modest deposit, HSBC ain't forgotten y'all! They've got a 5-year fix for someone with a 10% deposit set at 4.5% (£999 fee). But if you're a Premier baby, you get a 4.4% deal… ain't nothin' better than being spoiled!
Maybe you're remortgaging a property, and HSBC can help you out there as well. If you've got at least 40% equity in your home, you can grab a 3.93% rate. And for the Premier squad, it's 3.9%. Rates like these are a far cry from the market's average of 5.12% for a five-year fixed rate and 5.21% for a two-year fix, courtesy of Moneyfacts.
Rentals on Point
Don't worry, landlords, you ain't bein' left high and dry! Buy-to-let rates have seen a drop by up to 0.12 percentage points, and there's a 3.91% rate for landlords remortgaging with at least 40% equity, with a £3,999 fee.
So, What's the beef? Are Rates Comin' Down Everywhere?
Oli O'Donoghue, director of mortgages at HSBC UK, had this to say: "We are firmly focused on helping people achieve their home ownership goals, from remortgaging their existing property to customers moving onto or up the property ladder."
"There are a number of factors taken into account when setting mortgage rates and following a review we are pleased to announce rate reductions across our residential, buy-to-let and international mortgage ranges for new and existing customers, with several below 4%."
And if that ain't enough, today, lender MPowered Mortgage decided to crash the party with rate cuts on their remortgage deals.
To sum it up, this mortgage game's gettin' hot, so keep your eyes peeled for these sweet deals! If you're ready to roll, make sure to check out the best rates and see what HSBC's got cookin' for ya! 🏠💰🤑✨
- HSBC has reduced their mortgage rates significantly, offering sub-4% rates on various deals.
- Homebuyers and mortgage remortgagers can take advantage of these lowered rates, as long as they have savings or a higher income.
- For high-income customers, HSBC offers a 3.88% two-year fix on mortgages for customers with Premier banking status, while non-Premier customers can get a 3.91% rate for the same period.
- For those with a more modest deposit, HSBC has a 5-year fix for customers with a 10% deposit, with a rate of 4.5%, while Premier banking customers can secure a lower 4.4% rate.
- Remortgagers can also benefit from these lowered rates, with HSBC offering 3.93% for those with at least 40% equity, and 3.9% for Premier customers.
- The housing market and personal finance sector are heading towards a downwards trend, with average five-year fixed rate and two-year fixed rates much higher than HSBC's current offerings.
- Landlords can also take advantage of reduced rates on buy-to-let mortgages, with a 3.91% rate for remortgaging with at least 40% equity.
