Mortgage Rates

HSBC raises new purchase tracker to 4.57% at 60% LTV

HSBC has moved its new purchase tracker from 4.42% to 4.57% for 60% 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 increased a new purchase mortgage rate for 60% LTV borrowers. The changed product is Purchase BTL, updated on 2026-04-30.

What changed

2-year fixed: 4.75% to 4.74% (-1bps)
5-year fixed: 4.50% to 4.49% (-1bps)
tracker: 4.42% to 4.57% (+15bps)

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 60% LTV for tracker:

Halifax: 3.96% tracker, £999 fee (New Purchase, updated 2026-04-30)
Lloyds: 3.96% tracker, £999 fee (New Purchase, updated 2026-04-30)
Barclays: 4.01% tracker, £899 fee (New Purchase, updated 2026-04-30)
NatWest: 4.39% tracker, £995 fee (New Purchase, updated 2026-04-30)
HSBC: 4.49% tracker, £999 fee (Home Mover - Residential, updated 2026-04-30)
HSBC: 4.49% tracker, £999 fee (Home Mover - Energy Efficient, updated 2026-04-30)
HSBC: 4.57% tracker, £999 fee (Purchase BTL, updated 2026-04-30)

Quick read

Lender: HSBC
Category: New purchase
Product: Purchase BTL
LTV: 60%
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 at 60% 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.