HSBC has announced a series of updates to its Premier mortgage products, introducing new fixed-rate options and making changes to cashback incentives. The adjustments apply to both residential and buy-to-let (BTL) segments for HSBC premier mortgage borrowers, offering exclusive benefits to existing HSBC Premier current account holders. In this article I will run through the new changes announced by HSBC. If you or anyone you know is looking to arrange a new mortgage, please feel free to get in touch with our team of mortgage advisors for a free initial mortgage consultation.
New HSBC Premier Exclusive Buy-to-Let Products
As part of its latest changes, HSBC has launched two and five year fixed rate BTL mortgage products exclusively for Premier customers. These loans are available in both fee-paying and fee-saver formats, providing flexibility for different borrower needs. The new BTL products are offered at loan-to-value (LTV) ratios of 60%, 65%, 75%, and 80%, meaning that borrowers can have a range of deposit options when purchasing or remortgaging.
HSBC Mortgage Residential Cashback Incentives
In addition to the new BTL mortgage products, HSBC has revised its cashback incentives for residential borrowers. The bank has reduced cashback amounts for first-time buyers, home movers, and remortgagers under its Residential Energy Efficient Homes (EEH) range.
Industry Insights from Oportfolio Mortgages
Louis Mason, Marketing and Communications Director at Oportfolio Mortgages, shared his thoughts on HSBC’s latest mortgage updates:
“HSBC’s move to enhance its Premier mortgage range with new fixed-rate BTL products is a clear sign that they are targeting high-net-worth borrowers looking for stability in a fluctuating market. The introduction of an 80% LTV option is particularly interesting, as it suggests HSBC is encouraging investment in energy-efficient properties, which aligns with broader market trends toward sustainability.
However, the reduction in cashback incentives for residential borrowers could impact affordability, especially for first-time buyers who often rely on these benefits to offset upfront costs. While HSBC is clearly positioning itself as a premium lender with these changes, borrowers need to carefully assess whether the benefits of Premier status outweigh the potential drawbacks. We anticipate that this move will push more customers to seek specialist mortgage advice to ensure they are securing the best possible deal.”
Expert Mortgage Advice from Oportfolio Mortgages
With HSBC’s latest mortgage changes, borrowers may need professional guidance to determine the best options available. If you are considering an HSBC Premier mortgage, we at Oportfolio can provide expert advice tailored to your specific needs. Contact our advisors at Oportfolio Mortgages today to explore the most suitable mortgage solutions for your circumstances.
