Mortgage Rates

HSBC cuts new purchase 5-year fixed to 4.49% at 80% LTV

HSBC has moved its new purchase 5-year fixed from 4.92% to 4.49% for 80% 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 new purchase rate update

HSBC has cut a new purchase mortgage rate for 80% LTV borrowers. The changed product is Purchase BTL Range (A, B and C Rated Properties, updated on 2026-04-30.

What changed

2-year fixed: 5.04% to 4.74% (-30bps)
5-year fixed: 4.92% to 4.49% (-43bps)

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 new purchase rates at 80% LTV for 5-year fixed:

HSBC: 4.09% 5-year fixed, £999 fee (Purchase BTL Range(A, B and C Rated Properties, updated 2025-03-12)
HSBC: 4.49% 5-year fixed, £999 fee (Purchase BTL Range (A, B and C Rated Properties, updated 2026-04-30)
HSBC: 4.66% 5-year fixed, £999 fee (Home Mover - Residential, updated 2026-04-30)
HSBC: 4.66% 5-year fixed, £999 fee (Home Mover - Energy Efficient, updated 2026-04-30)
Santander: 4.70% 5-year fixed, £999 fee (New Purchase, updated 2026-03-20)
Nationwide: 4.81% 5-year fixed, £999 fee (Home Mover, updated 2026-04-24)
NatWest: 4.85% 5-year fixed, £995 fee (New Purchase, updated 2026-04-30)

Quick read

Lender: HSBC
Category: New purchase
Product: Purchase BTL Range (A, B and C Rated Properties
LTV: 80%
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 new purchase rate update?

HSBC changed at least one tracked rate for Purchase BTL Range (A, B and C Rated Properties at 80% 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.