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Mortgage Shop Financial Services In The News & Press Release Coverage

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Mortgage Introducer - HSBC becomes first high street lender to slash mortgage rates   Green Tick

  (25/07/2023) HSBC, Mortgage Introducer

HSBC has announced rate cuts on its residential fixed rate products, becoming the first high street lender to do so, as swap rates continue to head on a downward trajectory. From tomorrow, July 26, certain two-, three-, and five-year fixed fee saver, fixed standard, premier exclusive, and tracker standard products at up to 90% loan-to-values (LTV) on the lender’s residential first-time buyer and home mover products, residential remortgage, and international residential purchase ranges will have their rates decreased. Meanwhile, Accord Mortgages has also announced reductions of as much as 0.45% on its residential fixed rates, also taking effect from tomorrow. Financial Advisers React:

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Daily Mail - Yet more mortgage misery for Brits as HSBC hikes rates for the second time in a week   Green Tick

  (14/06/2023) HSBC, Daily Mail

Britain's mortgage woe deepened today as HSBC revealed it would withdraw more deals from the market and financial experts warned further pain is on the way. The bank said it was pulling deals for the second time in less than a week, with all new business residential mortgages being removed their broker services at 5pm today 'in order to maintain our service levels', before its rates rise again tomorrow. It comes after HSBC temporarily withdrew all residential and buy-to-let new business mortgage deals via brokers last Friday to stay 'within our operational capacity'. Mortgage holders are facing ever-higher repayment costs amid concerns the Bank of England will raise interest rates again on June 22 to help keep inflation under control. See the experts view:

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