Two Leading High Street Banks Reduce Mortgage Rates to Under 4%
Posted on Wednesday, 16 April, 2025
Two leading high street banks have announced fresh mortgage rate cuts, bringing some of their best deals below the 4 per cent mark.
Starting tomorrow, Santander will reduce mortgage rates by up to 0.21 percentage points across a range of products for home movers, first-time buyers, and those looking to remortgage.
HSBC has also introduced rate reductions today, targeting both residential borrowers and landlords.
Most of HSBC’s mortgage products are seeing cuts, with reductions of up to 0.24 percentage points for both new buyers and existing customers nearing the end of their current deals.
Among the biggest changes is a two-year fixed rate for buyers with a 15 per cent deposit, which now offers a 4.67 per cent rate with no fee.
For its Premier Banking customers who are remortgaging and have 40 per cent equity, HSBC is launching a new deal at 3.99 per cent, which comes with a £999 product fee.
If you would like to discuss mortgage rates further call us on 01895 544 555
