Get Your Best Mortgage Deal, Completely Fee-Free!

HSBC Fixed Rate Mortgage Overview

Understanding the complexities of the mortgage market can be overwhelming, but that's where we come in. We're here to guide you through the ins and outs of HSBC's fixed-rate mortgages, a popular choice among first-time buyers and homeowners. Let's get started and see what rates are currently on offer and as well as what makes these mortgages stand out.
In this guide
    Add a header to begin generating the table of contents

    Introduction to HSBC Fixed Rate Mortgages

    A fixed rate promises steady monthly payments, simplifying budgeting and financial forecasting. With HSBC mortgage offerings, you can enjoy the certainty of unchanged monthly outgoings.

    Why Choose an HSBC Fixed Rate Mortgage?

    HSBC, one of the world’s largest banks, offers many different mortgage options. Once you select a fixed-rate mortgage from HSBC, you choose certainty in your payments while protecting yourself against any changes to the Bank of England base rate.

    Benefits of HSBC Mortgage Deals with a Fixed Rate

    When selecting a fixed-rate mortgage deal from HSBC, there are several benefits, especially for first-home buyers. Some of the things you can enjoy include:

    • Certainty: Under this type of mortgage plan, your monthly instalments will never change during the entire period when interest rates have been fixed, thus making budgeting and financial planning easier.
    • Steadiness: You are protected against increases in the interest rate. Even if the market experiences an escalation in interest rates, your mortgage rate and payment remain constant.
    • Assurance: For one thing, it is invaluable to know precisely how much you will pay every month (especially for someone starting on their own and needing some help with their financial plans).
    • Easiness: Planning finances becomes simple due to a fixed-rate mortgage. Interest rates do not need to be closely monitored with these loans.
    • Control: You maintain control over much of your economic destiny by not being subject to market volatility.

    Given these advantages, a fixed-rate HSBC mortgage could be attractive among those who want regularity and consistency in their monthly repayments.

    HSBC Fixed Mortgage Rates

    HSBC is one of the country’s top five lenders. It offers a wide selection of fixed mortgage terms to meet homeowners’ different needs. Halifax has tailored fixed-rate mortgages whether you want short-term stability or long-term peace.

    Looking to fix a mortgage rate? HSBC fixed mortgage rates could be the solution for you.

    Below is a table for the current best HSBC fixed mortgage rates as of 6th June 2024:

    LenderTypeInitial RateReverting RateTotal FeesAPRC
    HSBC2-Year Fixed5.74%6.99%£9997.0%
    HSBC2-Year Fixed5.74%6.99%£9997.0%
    HSBC3-Year Fixed5.54%6.99%£9996.8%
    HSBC3-Year Fixed5.64%6.99%£9996.9%
    HSBC5-Year Fixed5.11%6.99%£1,4996.4%
    HSBC5-Year Fixed5.14%6.99%£9996.4%

    The mortgage examples provided are based on purchasing a property worth £250,000 with a £200,000 mortgage over 25 years, representing an 80% Loan to Value (LTV) ratio. Keep in mind, actual rates and terms can differ due to individual financial situations and market changes.

    HSBC 2 year Fixed Rate Mortgage

    While many homeowners prefer the predictability of fixed-rate mortgages, some buyers only want to commit relatively shortly. If that’s you, a 2-year fixed-rate deal might be attractive. For two years straight, you can plan your finances without any surprises.

    To give customers peace of mind from any ups and downs in the market, HSBC offers these stable mortgages. They make sure your interest rate doesn’t change over a specified term.

    Below are the best HSBC fixed mortgage rates for 2 year fixed as of 6th June 2024, rates will very, get in touch to secure your best rate.
    Here is the updated table with the new data:

    LenderTypeInitial RateInitial PaymentReverting RateReverting PaymentTotal FeesAPRCTotal Cost
    HSBC2-Year Fixed5.74%£1,257.006.99%£1,402.63£9997.0%£32,398
    HSBC2-Year Fixed5.74%£1,257.006.99%£1,402.63£9997.0%£32,598

    The mortgage examples provided are based on purchasing a property worth £250,000 with a £200,000 mortgage over 25 years, representing an 80% Loan to Value (LTV) ratio. Keep in mind, actual rates and terms can differ due to individual financial situations and market changes. These figures are illustrative and intended as a guide; for advice tailored to your circumstances, consult a professional.

    HSBC 3 year Fixed Rate Mortgage

    Wedged right in the middle between the super short 2-year option and the relatively long 5, is a 3-year fixed rate. It’s got the stability of one and just enough flexibility to make it a popular choice with homeowners.

    Below are the best HSBC fixed mortgage rates for 3 year fixed as of 6th June 2024, rates will very, get in touch to secure your best rate.

    The mortgage examples are based on purchasing a property worth £250,000 with a £200,000 mortgage over 25 years, representing an 80% Loan to Value (LTV) ratio. Keep in mind that actual rates and terms can differ due to individual financial situations and market changes. These figures are illustrative and intended as a guide; consult a professional for advice tailored to your circumstances.
    Here is the updated table for the 3-Year Fixed data:

    LenderTypeInitial RateInitial PaymentReverting RateReverting PaymentTotal FeesAPRCTotal Cost
    HSBC3-Year Fixed5.54%£1,232.966.99%£1,395.29£9996.8%£46,577
    HSBC3-Year Fixed5.64%£1,244.956.99%£1,396.55£9996.9%£47,010
    HSBC3-Year Fixed5.74%£1,257.006.99%£1,397.79£06.8%£46,446
    HSBC3-Year Fixed5.84%£1,269.116.99%£1,399.03£06.9%£46,883
    HSBC3-Year Fixed5.84%£1,269.116.99%£1,399.03£9996.9%£47,882
    HSBC3-Year Fixed6.04%£1,293.506.99%£1,401.45£06.9%£47,764

    Before committing to an HSBC 3-year fixed-rate mortgage, it’s important to understand the inner workings of mortgage rates. They directly affect monthly repayments and the overall cost of borrowing.

    HSBC 5 year Fixed Rate Mortgage

    The 5-year fixed rate continues to be a hit with first-time buyers and remortgagers alike. As the name suggests, this rate has remained steady for half a decade. Borrowers can expect the same predictable payment every month for five years.

    Below are the best HSBC fixed mortgage rates for 5 year fixed as of 6th June 2024, rates will very, get in touch to secure your best rate.

    LenderTypeInitial RateInitial PaymentReverting RateReverting PaymentTotal FeesAPRCTotal Cost
    HSBC5-Year Fixed5.11%£1,182.036.99%£1,374.20£1,4996.4%£74,018
    HSBC5-Year Fixed5.14%£1,185.556.99%£1,374.86£9996.4%£73,230

    The mortgage examples are based on purchasing a property worth £250,000 with a £200,000 mortgage over 25 years, representing an 80% Loan to Value (LTV) ratio. Remember that actual rates and terms can differ due to individual financial situations and market changes. These figures are illustrative and intended as a guide; consult a professional for advice tailored to your circumstances.

    As part of your research before choosing the HSBC 5-year fixed rate mortgage option, you must understand all the intricacies of mortgage rates as they will directly impact both monthly repayments and the total cost of borrowing.

    Unlock the Best of HSBC's Fixed Rate Mortgages!
    We compare HSBC's fixed rates with 90+ lenders to ensure you get the prime deal. Let our experts manage the entire process at no cost to you. Experience a seamless, fee-free journey with us!

    Compare Personalised Mortgage Rates

    Generic rates don’t cut it for everyone. Our sophisticated tool dives deep and will get you the best mortgage rates tailored to your individual situation. By scanning over 90+ lenders, we ensure you’re presented with an optimal rate.

    Benefits of Using Our Interest Rates Tool:

    • Thorough market analysis
    • Customised rate suggestions
    • Gateway to special deals
    • Expert advice without any fees

    Pros and Cons of a Fixed Rate Mortgage Deal

    A fixed-rate mortgage offers advantages, especially in a volatile economic climate. Yet, every financial instrument has pros and cons. It’s pivotal to balance these aspects for a well-informed choice.

    Advantages:

    • Consistent monthly outgoings.
    • Safeguard against interest rate hikes.
    • Diverse term options catering to varied needs.

    Disadvantages:

    • Possible charges for early exit from your current mortgage deal.
    • Transitioning to a variable rate might escalate repayments if a fresh deal isn’t clinched.

    Calculating Your Monthly Payments

    Knowing your monthly outgoings is essential when considering a mortgage. With fixed-rate mortgages, this becomes more straightforward as the interest rate remains unchanged for the agreed term. It’s vital to understand what monthly payments you can comfortably afford. While many online tools are available that provide general estimates for precise and tailored figures, our fee-free mortgage brokers are here to assist you. They can provide an in-depth breakdown of your monthly payments based on your specific circumstances. You can also use the mortgage calculator provided below for a quick estimate.

    Mortgage Repayment Calculator

    Use this calculator to get an idea of your potential monthly repayments. Input your loan amount, term, and interest rate to see monthly and total mortgage costs breakdown.

    Unlock the Best of HSBC's Fixed Rate Mortgages!
    We compare HSBC's fixed rates with 90+ lenders to ensure you get the prime deal. Let our experts manage the entire process at no cost to you. Experience a seamless, fee-free journey with us!

    How YesCanDo Can Help With Your Mortgage

    At YesCanDo, we pride ourselves on offering tailored mortgage advice and solutions to your unique needs. Whether you are a first-time buyer or want to remortgage to consolidate debt or get a new fixed rate, one of our mortgage advisers will get to understand your circumstances, then research the whole mortgage market and get a comparison of all mortgages to get you the lowest rate with the lowest arrangement fees and, therefore, the best cost over the term of the mortgage. Our team of experts is dedicated to guiding you through the mortgage process, ensuring you make informed decisions that align with your financial goals.

    Personalised Mortgage Guidance

    Our experienced mortgage advisors take the time to understand your financial situation, needs, and aspirations. With this insight, we can recommend mortgage products that resonate with your circumstances, ensuring you get the best deal possible.

    Grant Mortgage Adviser

    Case Study: Timely 5-Year Fixed Rate Advice

    Grant (YesCanDo Mortgage Adviser)
    One of our clients, Sarah, approached us for mortgage advice. Sarah had no intention of moving home or wanting to carry out any home improvements in the next five years. After assessing her situation and the market trends, we advised Sarah to lock in a 5-year fixed rate. At the time, the HSBC 5-year fixed rate was the lowest on the mortgage market. Shortly after we booked her rate, interest rates increased to a 10-year record high. Thanks to good timing and sound mortgage advice, Sarah was shielded from the increased monthly payments, saving her significant money over her mortgage term.

    Frequently Asked Questions (FAQs)

    We understand that mortgages can be complex. Here’s a quick FAQ section to address some common queries about HSBC’s fixed-rate mortgages.

    A fixed-rate mortgage from HSBC means that the interest rate remains constant for a specified period, ensuring your monthly repayments stay the same. This offers predictability and protection from potential interest rate fluctuations.

    Once your fixed rate term ends, and if you haven’t made a new agreement, you’ll be left with Halifax’s standard variable rate. Interest rates can vary every month, and as normal customers who have to compare deals before the fixed term ends, they could have higher prices if not avoided. The good news is you will not have any early repayment charges and can overpay more than the annual overpayment allowance off your mortgage balance.

    Interest rates offered by HSBC may fluctuate based on various factors, including the Bank of England base rate, market conditions and specific mortgage products chosen. View the current HSBC fixed rates on this page or consult our free mortgage advisors to keep discover your best current HSBC rate.

    HSBC does have tracker mortgages. A tracker mortgage can be worth considering when interest rates are coming down. It can be suitable for borrowers willing to accept some interest rate risk in exchange for potentially lower initial interest rates. However, assessing your financial stability and market expectations is essential before committing to this type of mortgage.

    The best 5-year fixed mortgage rate in the UK can vary based on market conditions and lender offerings. While HSBC offers competitive rates, it is essential to compare rates from various lenders and consider factors like fees, terms, and flexibility to determine the best deal for your circumstances.

    HSBC is an internationally recognised bank with an excellent standing in the mortgage sector. Offering products tailored specifically for different needs, customer reviews, expert opinions, and comparisons with other lenders give an accurate picture of HSBC's mortgage offerings.

    A fixed-rate offers consistent payments, but its value depends on market trends. If rates are high, a long-term fixed rate might not be ideal. On the other hand, with low rates, a longer fixed term can be beneficial. Your financial goals and the current market play a role in this decision. Consulting our fee-free mortgage advisors for expert advice will help determine the right choice.

    Fee Free Mortgage Advisor Team

    Fee Free Mortgage Advisors

    FREE dedicated support throughout, we have full-market access to the best mortgage rates & deals. We do everything for you, for free! Call us, WhatsApp us, or fill in our contact form and let us know the best time for us to call you. We will get one of our mortgage advisors will be in touch to talk through your situation and available options.
    Grant Humphries (CeMAP)
    Grant Humphries (CeMAP)

    Grant Humphries (CeMAP) is a proficient Mortgage & Protection Adviser at YesCanDo Money. With a career spanning since 2001, Grant has honed his expertise in understanding mortgage lenders' criteria, complex financial situations, and the nuances of the mortgage market. His deep knowledge enables him to provide tailored solutions, especially for professionals and those with unique financial profiles. At YesCanDo, Grant's commitment to excellence is evident. He takes pride in guiding clients through their mortgage journey, ensuring they feel confident and informed at every step. From first-time buyers to seasoned investors, Grant's analytical approach and dedication make him a trusted adviser in the financial landscape

    Contact Us
    Scroll to Top
    This website uses cookies to improve your experience. If you continue we’ll assume you’re happy. See our privacy policy for more information.