HSBC used the Easter period to launch its Energy Efficient Homes range, tailored for UK residential first time buyers, home movers and remortgage customers.
The bank says the initiative will incentivise customers purchasing or remortgaging properties with Energy Performance Certificate ratings of A or B, offering additional cash back incentives compared to the standard range.
For existing residential customers considering switching, the adjustments include decreases in rates for certain fixed-term options and loan-to-value ratios, particularly affecting the two- and three-year fixed fee saver at 95% LTV and the five-year fixed fee saver at 90% and 95% LTV.
Conversely, a number of rate increases will be implemented across various fixed-term options and LTV bands.
Similar adjustments apply to existing residential customers looking to borrow more, as well as first-time buyers and home movers.
Rates have been revised downwards for some fixed-term options and LTV ratios, but upwards across others.
For international residential mortgage products, adjustments in rates have been implemented across various fixed-term options and LTV ratios.
Existing buy to let landlord customers, whether switching or remortgaging, will experience increases in rates across certain fixed-term options and LTV ratios.
Adjustments have also been made to BTL purchase and remortgage rates.
Nicholas Mendes, head of marketing at John Charcol, says: “It’s interesting to see a split in pricing from HSBC in the latest notice of mortgage product changes. Higher LTV products are seeing a decrease with lower LTV products seeing an increase – clearly HSBC feel that despite the market pricing falling in recent days there is still more room needed to reprice any sub 4% five-year fixed deals.”
