HSBC confirms mortgage rate cuts, offers sub-4% deals

HSBC has announced significant rate reductions across its mortgage portfolio, including residential, buy-to-let, and international products, with many new options now available below 4%. The cuts, which affect both new and existing customers, apply to a range of fixed-rate deals across various loan-to-value tiers, benefiting first-time buyers, home movers, remortgagers, and those increasing borrowing. Premier customers now have access to two-year fixed rates as low as 3.88% at 60% LTV, while non-premier customers can secure two-year fixes from 3.91% and five-year fixes from 3.93% at the same tier. Buy-to-let and international mortgage rates have also been reduced, with sub-4% deals and the lowest international rates starting at 4.31%. HSBC says these are the most sub-4% options it has offered since September last year, further expanding access to lower-cost borrowing. The bank emphasizes that these reductions reflect a continued focus on supporting homeownership goals amid a wider trend of falling mortgage rates in the UK market.