HSBC and Co-operative Bank Adjust Mortgage Rates: Residential and BTL Products Affected

HSBC is set to reduce various mortgage rates effective April 16, impacting residential and buy-to-let (BTL) products for both new and existing customers. The adjustments include cuts to two- and five-year fee-saver deals, standard products, and premier exclusive deals across multiple loan-to-value (LTV) ranges. These changes affect first-time buyer, home mover, and remortgage options, including energy-efficient mortgages and international products. Simultaneously, The Co-operative Bank is modifying selected rates by up to 0.26%, with both increases and decreases across its mainstream and BTL mortgages for new business and retention ranges. Reductions will be applied to residential remortgage, purchase, and professional mortgage products, as well as BTL and Help to Buy schemes. Retention rates will also see adjustments, with selected residential, BTL, and Help to Buy fixed rates decreasing.