Mortgage Rates
HSBC cuts first-time buyer 2-year fixed to 5.02% at 95% LTV
HSBC has moved its first-time buyer 2-year fixed from 5.87% to 5.02% for 95% LTV borrowers.
Live first-time buyer rate update
HSBC has cut a first-time buyer mortgage rate for 95% LTV borrowers. The changed product is First Time Buyer - Residential, updated on 2026-04-30.
What changed
- 2-year fixed: 5.87% to 5.02% (-85bps)
- 5-year fixed: 5.63% to 4.92% (-71bps)
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 95% LTV for 2-year fixed:
- HSBC: 5.02% 2-year fixed, £0 fee (First Time Buyer - Residential, updated 2026-04-30)
- HSBC: 5.02% 2-year fixed, £0 fee (First Time Buyer - Energy Efficient, updated 2026-04-30)
- Nationwide: 5.60% 2-year fixed, £0 fee (First Time Buyers, updated 2026-04-24)
Quick read
- Lender: HSBC
- Category: First-time buyer
- Product: First Time Buyer - Residential
- LTV: 95%
- Fee tier: no_fee
- Arrangement fee: £0 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 - Residential at 95% 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.