HSBC lowers over 100 mortgage rates as lenders try harder to attract borrowers

by Aaron Strutt

Jan 18 2023

HSBC for Intermediaries has lowered the price of over 100 fixed-rate mortgages.

HSBC has reduced the rates for new and existing residential borrowers by up to 0.15 per and introduced cashback to its two-year fixed fee deals for first-time residential buyers and home movers with smaller deposits.  

Santander has also announced that it is improving the price of most of its new business residential and buy-to-let fixed rates by between 0.20% and 0.59%. Its residential Bank of England tracker rates will also be lowered by 0.15% and 0.50%.  

Santander is also reintroducing a 40% deposit residential remortgage fixed rate, and its buy-to-let fixed rates with no fee will be withdrawn and replaced with lower rates with a £349 fee. 

Aaron Strutt, product director at Trinity Financial, says: “More banks and building societies are making their mortgages more attractive, and they are doing it to try and attract more borrowers.  

“Other lenders have also lowered their fixed rate, including Bank of Ireland, Kensington, NatWest and RBS. Skipton for Intermediaries has decreased some rates by up to 0.42%. 

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation