Mortgage Rates

HSBC cuts first-time buyer 2-year fixed to 4.74% at 75% LTV

HSBC has moved its first-time buyer 2-year fixed from 4.99% to 4.74% for 75% LTV borrowers.

Published 30 April 2026 - Reviewed 30 April 2026

Expert reviewed by Samuel Cise Founder, RateWatch.uk · Certificate in Insurance · In the market since 2007 Samuel is the founder of RateWatch.uk and has worked in the UK mortgage and insurance market since 2007. He built RateWatch after years of watching brokers chase the same rate sheets every morning — the site puts every high-street lender's rates in one place, updated daily.

Live first-time buyer rate update

HSBC has cut a first-time buyer mortgage rate for 75% LTV borrowers. The changed product is First Time Buyer - Energy Efficient, updated on 2026-04-30.

What changed

2-year fixed: 4.99% to 4.74% (-25bps)
5-year fixed: 4.99% to 4.77% (-22bps)
tracker: 4.49% to 4.59% (+10bps)

This is a live RateWatch update from the lender data refresh. It is a factual rate movement summary, not mortgage advice.

How it compares

For context, these are the closest currently tracked first-time buyer rates at 75% LTV for 2-year fixed:

HSBC: 4.74% 2-year fixed, £999 fee (First Time Buyer - Residential, updated 2026-04-30)
HSBC: 4.74% 2-year fixed, £999 fee (First Time Buyer - Energy Efficient, updated 2026-04-30)
Nationwide: 4.92% 2-year fixed, £999 fee (First Time Buyers, updated 2026-04-24)

Quick read

Lender: HSBC
Category: First-time buyer
Product: First Time Buyer - Energy Efficient
LTV: 75%
Fee tier: low_fee
Arrangement fee: £999 fee
Rate-card date: 2026-04-30

What to check next

Borrowers and brokers should compare the headline rate against fees, LTV band, product type and eligibility before deciding whether a deal is genuinely cheaper. A lower rate with a higher fee can cost more over the initial deal period, especially on smaller loan sizes.

Frequently Asked Questions

What changed in this first-time buyer rate update?

HSBC changed at least one tracked rate for First Time Buyer - Energy Efficient at 75% LTV. The exact old and new rates are shown in the update above.

Is this mortgage advice?

No. This is a factual rate-tracking update. Borrowers should check eligibility, fees and affordability, or speak to a regulated adviser.

Why compare against similar rates?

A rate movement only matters in context. Comparing the new rate with similar LTV, category and term data shows whether the lender is competitive after the change.