HSBC UK have temporarily withdrawn mortgage products above 85% LTVs for new business. Offering a competitive product and being able to provide a great and timely service is extremely important to us and the sustained high levels of demand, as one of a few large lenders open to business at this level, has impacted our ability to consistently meet the high standards we set ourselves.

The changes will affect all new applications into HSBC UK from 2nd September and we will remain open for business as usual at the remaining LTV ranges in order to support your customers and the wider housing market.

Please be assured that we will continue to see our existing pipeline cases through as normal as well as support the transition of live DIPs over 80% LTV into full applications (as communicated last week). Existing customers switching deals will continue to have access to products over 85% LTV.

We hope to be able to confirm our re-entry into this market in the coming weeks, hopefully alongside other large lenders who may have returned by then.

We’re also making changes to our mortgage products

With effect from Friday 4th September 2020, we’ll be making a number of changes across our mortgage product range.

Summary of changes:

  • 2 Year Fixed Fee Saver 60% to 90% LTV increased
  • 2 Year Fixed Standard 60% to 90% LTV increased
  • 5 Year Fixed Fee Saver 60% to 90% LTV increased
  • 5 Year Fixed Standard 60%, 80%, 85% and 90% LTV increased
  • 5 Year Fixed Premier 60%, 80%, 85% and 90% LTV increased
  • 2 Year Term Tracker 60% to 90% LTV increased

Please note, our over 85% LTV mortgage rates are only available for Existing HSBC Mortgage customers switching rates.

You can view the new product range here.