8. HSBC launches new sub-4% mortgage rates
In April 2025, HSBC UK announced that it had reduced rates across its residential and buy-to-let mortgage ranges.
Rates reduced on almost all mortgages in the bank's ranges, with rates down by up to 0.24% for home purchases and existing customers.
The largest rate cut was a two-year fee saver product at 85% LTV, down by 0.24% to 4.67%.
At the beginning of December, the bank announced that it is decreasing rates across more than 100 mortgage products by up to 0.12 percentage points across its remortgage and switcher options.
