HSBC UK is re-introducing 90% LTV mortgages for purchase and remortgage from Tuesday 12 January.
The Bank confirmed that it will offer a range of two and five-year fixed rate options up to 35 year terms. Mortgage rates will be announced on the 12th January.
Michelle Andrews, HSBC UK’s head of buying a home said, “I am pleased and proud to announce that we will be re-introducing mortgages at up to 90% LTV. These mortgages build on our significant support for brokers and mortgage customers throughout 2020 and will be available across the board – for home purchases, first-time buyers and to those remortgaging – all up to a maximum of 35 years.
“The new lockdown will undoubtedly present challenges, but the experience of overcoming numerous difficulties during the original lockdown, for example making more use of automated valuations, will be invaluable. We are all seeking a return to normal, although for many it will feel like we may not see that for a while. With us returning to the higher LTV space, hopefully that is a little bit of welcome normality.”