HSBC joins mortgage rate-cutting drive with deals below 4%

HSBC joins mortgage rate-cutting drive with deals below 4%

Five- and 10-year fixed-rate remortgage offers announced as lenders big and small reduce rates

HSBC has become the latest big UK lender to announce across-the-board mortgage interest rate cuts, with leading names announcing reductions of up to one percentage point.

The bank’s new deals announced on Wednesday include a headline-grabbing five-year fixed remortgage deal of 3.94% for those borrowing up to 60% of the property value.

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