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Lloyds Banking Group is launching a new £5,000 deposit mortgage to help first-time buyers purchase a property with a much smaller deposit than is normally required.

The new low-deposit mortgage will be available through Lloyds, Halifax and Bank of Scotland, including via Trinity Financial's mortgage brokers. It is aimed at renters and first-time buyers who can afford monthly mortgage payments but are finding it difficult to save a large deposit while paying rent and other household bills.

The product is expected to be available from 18 May 2026 and will allow eligible first-time buyers to borrow more than 95% of the property's value with a minimum deposit of £5,000. Lloyds says the mortgage will be available on properties worth up to £300,000, with borrowing between £97,000 and £295,000. Borrowers will have to take a five-year fixed-rate product currently priced just below 5.90%.

This is a significant move from the UK’s biggest mortgage lenders and could make a big difference to buyers who are struggling to save a traditional 5% or 10% deposit. The £5,000 minimum personal deposit required cannot be gifted from a friend or family member. Proof of the deposit and how it was saved may be required

How does the Lloyds £5,000 deposit mortgage work?

The Lloyds £5,000 deposit mortgage is a low-deposit first-time buyer mortgage. Instead of needing a 5% deposit, some buyers may be able to purchase with a fixed £5,000 deposit.

For example, a first-time buyer purchasing a property for £250,000 would usually need a £12,500 deposit for a standard 95% mortgage. With the Lloyds £5,000 deposit mortgage, the deposit needed could be much lower.

Why is Lloyds launching a £5,000 deposit mortgage?

Saving a deposit is one of the biggest challenges facing first-time buyers. Many renters are already paying high monthly rents, but saving tens of thousands of pounds can take years.

Lloyds says its new mortgage could help buyers get onto the property ladder sooner and reduce the time it takes to move from renting to owning. The lender has also said the product could support around £500 million of lending to first-time buyers over the next year.

For buyers without help from the Bank of Mum and Dad, this type of mortgage could be an important new option.

Key features include:

• Minimum deposit of £5,000
• For those without financial support from family towards a deposit 
• Available on properties worth up to £300,000
• Maximum loan to value of 98%
• Maximum loan to income ratio of 4.49x
• Five-year fixed rate product just below 5.9%
• Mortgage term of up to 40 years
• No product fees
• Available to both employed and self-employed applicants
• A free Level 1 mortgage valuation will be included with these products
• Only one customer on a joint application has to be a first time buyer
• This must be the customers only residence and they must not have an interest in any other properties such as a second home or buy to let.

Are there many other lenders offering low-deposit mortgages?

There are more low-deposit mortgages available than there were a few years ago, but options below a 5% deposit are still relatively limited. 

• Santander My First Mortgage offers a 98% loan-to-value mortgage for first-time buyers, with a minimum deposit of £10,000. Santander says borrowers can take loans between £190,001 and £500,000, although the product is not available for flats, new-build homes or properties in Northern Ireland.
• Skipton Building Society’s Track Record mortgage is another low or no-deposit option. It is aimed at renters or people who have not owned a property in the past three years, and Skipton uses the applicant’s rent payment track record to assess how much they may be able to borrow.
• Nationwide Helping Hand is slightly different. It is not a 98% or 100% mortgage, but it can help first-time buyers borrow more, with some applicants able to borrow up to six times their income. This can help buyers whose main issue is affordability rather than deposit size.
• There are also standard 95% mortgages, where buyers need a 5% deposit and borrow 95% of the property value. Lloyds and Halifax both offer 95% mortgage options for first-time buyers and home movers. Click here to read our blog highlighting many of the best first-time buyer deals.

Does it make sense to take a £5,000 deposit mortgage?

A £5,000 deposit mortgage can make sense for some first-time buyers, but it is not the right answer for everyone. The biggest benefit is that it could help buyers purchase sooner. This may be attractive if the buyer is paying expensive rent and can comfortably afford the monthly mortgage payments.

However, there are risks. Borrowing at around 98% loan-to-value means the buyer has very little equity in the property. If house prices fall, the borrower could be at risk of negative equity. This means the mortgage could be higher than the value of the home.

Low-deposit mortgages can also be more expensive than mortgages for borrowers with larger deposits. Buyers with 10%, 15% or 25% deposits usually have access to a wider range of mortgage deals and more competitive rates.

Comment from Trinity Financial

Aaron Strutt, product director at Trinity Financial, says: “Lloyds launching a £5,000 deposit mortgage is a big development for first-time buyers because it tackles one of the biggest barriers to homeownership: saving the deposit. The lender already has its First-Time Buyer Boost product offering up to 5.5 times salary mortgages.

“There are many renters who are already making substantial monthly rent payments and could afford a mortgage, but they are unable to save a large deposit quickly enough. A product like this could help some of them buy sooner.

“That said, borrowers need to be careful. Very low-deposit mortgages leave buyers with limited equity, and if property prices fall there is a greater risk of negative equity. The mortgage rate, monthly repayments, property restrictions and future remortgage options all need to be considered.

“First-time buyers should not automatically choose the mortgage with the smallest deposit requirement. They need to compare Lloyds, Halifax, Santander, Skipton, Nationwide and other lenders to see which option gives them the best overall outcome.

“This is exactly where our brokers can help. The right mortgage depends on the buyer’s income, credit profile, deposit, property type, purchase price and long-term plans.”

What are the alternatives to the Lloyds £5,000 deposit mortgage?

New research reveals a clear tipping point in aspiring homebuyer behaviour, with nearly half of renters saying they would buy immediately if monthly mortgage payments matched what they currently pay in rent.

First-time buyers may want to compare the Lloyds £5,000 deposit mortgage with:

• 95% mortgages requiring a 5% deposit
• Santander’s 98% My First Mortgage
• Skipton Track Record mortgage for renters
• Nationwide Helping Hand for higher income multiple borrowing
• Family-assisted mortgages where parents or relatives help
• Concessionary purchase mortgages where a landlord or family member sells at a discount
• Shared ownership mortgages for buyers purchasing part of a property

The cheapest or most suitable option will depend on the buyer’s income, deposit, credit score and the property they want to purchase.

Should first-time buyers wait and save a bigger deposit?

Some buyers may be better off waiting and saving a larger deposit, especially if they are close to reaching 5% or 10%.

A bigger deposit can mean:

• Lower mortgage rates
• Lower monthly repayments
• More lender choice
• Less risk of negative equity
• Better remortgage options in future

However, waiting is not always the best option. If rents are high, property prices are rising, or the buyer has found the right home, a low-deposit mortgage may be worth considering.

The decision should be based on affordability, job security, savings, future plans and the cost of renting compared with buying.

Speak to a Trinity Financial adviser today

Nationwide Building Society is lowering rates and offering a market-leading two-year fix at 4.35% and a leading 5-year fix at just below 4.45%. Borrowers need to raise between £300,000 and £5 million to access Nationwide’s lowest rates, but the rates are not that much more expensive if you want a smaller loan size. 

Nationwide, NatWest and Virgin Money are improving mortgage rates from 12 May 2026, giving borrowers another sign that the mortgage market is becoming more competitive. The reductions come as lenders fight harder for purchase, remortgage and product transfer business, particularly from borrowers with strong deposits or higher levels of equity.

Nationwide has announced price cuts of up to 0.36%, with some of the biggest reductions aimed at first-time buyers. Its five-year fixed rate aimed at buyers with a 10% deposit, with a £999 arrangement fee, has been reduced to just below 4.9%, while its equivalent with a 15% deposit has fallen to below 4.80%. For home movers, Nationwide’s two-year fixed rate for those with a 40% deposit with a £1,499 fee has dropped to 4.35%, one of the most competitively priced deals on the market.

Representative example for Nationwide's 4.35% rate: A capital and interest Nationwide mortgage of £500,000 payable over 30 years, initially on a 4.35% fixed rate for two years and then on a variable rate of 6.49% for the remaining 28 years, would require 24 monthly repayments of £2,496.60 followed by 336 monthly repayments of £3,131.86. The total amount repayable would be £1,116,356.16.

This amount is illustrative and may vary, made up of the loan amount, plus interest (£610,710.32) and £1,499 (product fee), £65 (final repayment charge), £15 (completion fee). The overall cost for comparison is 6.3% APRC representative.

Virgin Money and NatWest are also improving mortgage rates

Virgin Money is reducing selected purchase and remortgage rates. Its two-year fixed purchase rates are being cut by up to 0.26%, five-year fixed rates by up to 0.24%, and shared ownership rates by up to 0.26%. Virgin Money’s two-year fixed remortgage rates are falling by up to 0.24%, while five-year fixed remortgage rates are being reduced by up to 0.10%.

Aaron Strutt, product director at Trinity Financial, says: “It is encouraging to see Nationwide, NatWest and Virgin Money cutting mortgage rates at the same time. This shows lenders are still keen to attract borrowers, especially those with larger deposits or more equity in their homes. The cheapest headline rates can look attractive, but borrowers need to factor in arrangement fees, loan size restrictions and whether a two-year fix or tracker, or a three-year or five-year fix is the best option for them.”

The rate cuts should help first-time buyers, home movers and remortgage customers who have been waiting for pricing to improve. However, many borrowers coming off older fixed rates are still likely to face higher monthly repayments, so it is important to compare deals carefully.  Trinity Financial’s brokers are helping clients compare rates from Nationwide, NatWest, Virgin Money, HSBC, Santander, Barclays and other lenders to work out which mortgage offers the best overall value.

Speak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

Tracker Mortgage Rates Grow in Popularity as Borrowers Look for Lower Monthly Repayments

Tracker mortgage rates have become much more popular as borrowers search for cheaper mortgage deals and hope the Bank of England base rate will fall.

New analysis from Stonebridge mortgage network shows the proportion of borrowers choosing tracker mortgages increased to 12% in April, up from 4.1% a year earlier. This means tracker mortgage popularity has almost tripled in 12 months.

At the same time, fewer borrowers are choosing fixed-rate mortgages. Stonebridge says the proportion of fixed-rate deals fell to 87.6%, compared with 95.4% a year earlier.

For many homeowners, fixed-rate mortgages are still the safest option because they provide certainty. But the growing demand for Bank of England tracker rates shows some borrowers are willing to accept more risk if it means they could benefit from lower monthly mortgage payments if interest rates fall. There are currently predictions that the base rate will increase multiple times this year to control inflation caused by the war in Iran. 

Are variable and tracker mortgages the same thing?

A tracker mortgage is a variable-rate mortgage that often follows the Bank of England base rate. The lender adds a set percentage above the base rate, and the borrower’s mortgage rate moves up or down when the base rate changes. Some lenders offer discounted standard variable rate mortgages that do not track the Bank of England base rate. 

Which lenders offer the cheapest tracker mortgage rates?

Some of the cheapest tracker mortgage rates have recently been available from lenders, including Barclays and Halifax.

Barclays has offered a two-year tracker mortgage at 0.21% above the current 3.75% Bank of England base rate for borrowers with a 25% deposit, a £999 product fee and no early repayment charges.

Halifax has offered a two-year tracker mortgage at 0.21% above the current 3.75% Bank of England base rate for borrowers with a 40% deposit, a £1,499 arrangement fee and no early repayment charges.

The lowest tracker mortgage for each borrower depends on the loan size, deposit, property value, income, credit profile and whether the borrower wants flexibility to switch later.

Why are borrowers choosing tracker mortgages?

Many borrowers are choosing tracker mortgages because they believe mortgage rates could fall. They also want the lower rates and cheaper monthly repayments available now. If the Bank of England cuts the base rate, tracker mortgage payments usually reduce.

Tracker rates can also appeal because some deals have no early repayment charges. This gives borrowers the option to move to a fixed-rate mortgage if they become worried about future rate rises or if fixed-rate pricing improves.

Tracker mortgages may suit borrowers who:

• Want a lower rate than many fixed-rate deals
• Expect interest rates to fall
• Have enough income to cope if payments rise
• Want flexibility to switch mortgage deals
• Have a larger deposit or more equity in their home

Are tracker mortgages risky?

Tracker mortgages can be risky because monthly payments are not fixed. If the Bank of England base rate rises, the borrower’s mortgage payments will also rise.

This is why tracker mortgages are often better suited to borrowers with strong affordability, good savings and a higher tolerance for risk. Borrowers with tight monthly budgets, smaller deposits or a need for payment certainty may prefer a fixed-rate mortgage.

Fixed rate mortgage vs tracker mortgage

A fixed-rate mortgage keeps monthly payments the same for a set period, usually two, three or five years. This gives borrowers certainty and protection if interest rates rise.

A tracker mortgage can move up or down with the Bank of England base rate. This can help borrowers save money if rates fall, but payments can increase if rates rise.

There is no single best option. The right mortgage depends on the borrower’s financial position, risk appetite and future plans.

Aaron Strutt, product director at Trinity Financial, says:

“Some of the cheapest tracker rates are currently undercutting fixed-rate mortgages, and the lack of early repayment charges on certain products is a big attraction. It gives borrowers flexibility if they want to switch to a fixed rate later.

“But tracker mortgages are not suitable for everyone. Borrowers need to be comfortable with the possibility that payments could rise. Clients with stretched affordability, smaller deposits or limited savings may be better suited to the certainty of a fixed-rate mortgage.

“The best approach is to compare tracker rates, fixed rates, product fees, early repayment charges and lender criteria before deciding. One of our brokers can help you understand which lenders are offering the most suitable mortgage rates for your circumstances.”

Should I choose a tracker mortgage now?

A tracker mortgage may be worth considering if you believe interest rates will fall, you want flexibility, and you can afford higher payments if the base rate rises. More lenders are offering fixed rates priced around 4.5% for borrowers able to put down a 40% deposit; many rates are more expensive. 

However, a fixed-rate mortgage may be more suitable if you want certainty, need to budget carefully or do not want to take interest-rate risk. Trinity Financial’s mortgage brokers compare tracker mortgage rates, fixed-rate mortgages and remortgage options from a wide range of banks, building societies, specialist lenders and private banks.

Speak to Trinity Financial about tracker mortgage rates

If you are buying a property, remortgaging or deciding between a fixed-rate mortgage and a tracker mortgage, Trinity Financial can help.

Our mortgage advisers can compare the latest mortgage rates, explain whether a tracker mortgage is suitable and help you secure a competitive deal.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

Barclays and Halifax are offering two-year trackers at 3.96%

Barclays is the latest bank to make changes to its tracker-rate mortgages by launching a two-year tracker priced at 3.96%, which is 0.21% above the Bank of England base rate.

Halifax has been offering the same rate to borrowers for quite some time, and it has undercut the current rate of fixed mortgages.

Barclays new tracker rate is available to its higher-earning premier customers buying a property, and it has a £999 product fee. Applicants will need a 25% deposit to qualify, and the minimum loan size is £5,000, with a maximum loan size of £2 million. The mortgage has no early repayment charges, giving borrowers the flexibility to switch to a fixed rate at any time. 

To qualify for Barclays Premier Banking, a customer must have a gross annual income of at least £75,000 paid into a Barclays current account, or at least £100,000 in savings or investments with Barclays.

Halifax's two-year tracker rate is 3.96%, 0.21% above the current 3.75% Bank of England base rate, with no early repayment charges and an arrangement fee of £1,499. Applicants must have a 40% deposit to qualify and pass a credit check at the time of application. The arrangement fee is higher for mortgages over £1 million.

Representative Example: A capital and interest mortgage of £400,000 payable over 30 years, initially on a 3.96% tracker rate for two years and then on a variable rate of 7.24% for the remaining 28 years, would require 24 monthly repayments of £1,905.99 followed by 335 monthly repayments of £2,687.21. The total amount repayable would be £947,965.10. This amount is illustrative and may vary, made up of the loan amount, plus interest (£549,377.76) and £1,499 (product fee), £50 (final repayment charge), £15 (completion fee). The overall cost for comparison is 6.9% APRC representative.

What is likely to happen to the Bank of England base rate?

Mortgage market participants expect the Bank of England base rate to remain at 3.75% for April, but say a rise should not be ruled out. In the last BoE Monetary Policy Committee meeting in March, members voted unanimously to keep base rate at 3.75%. The decision to hold base rate came as most MPC members decided the inflationary impact of the war in the Middle East made cutting rates too risky.

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

The Renters' Rights Act contains sweeping reforms, including a landmark ban on Section 21 no-fault evictions, preventing people from being evicted from their homes without a reason.

The Renters' Rights Act: Are you ready?

As of today, Friday, 1st May 2026, the Renters' Rights Act will reshape the landscape for landlords and tenants alike. With new tenant protections and regulations, landlords must get up to speed with the changes. Here's a brief guide to what you need to know. 

This is a link to the official The Renters’ Rights Act Information Sheet 2026 on the UK Government's website. Click here: The Renters’ Rights Act Information Sheet 2026.  

Key changes at a glance:

• • End of Section 21: Landlords can no longer evict tenants without a valid, legal reason.
  • Rolling tenancies: Fixed-term tenancies have been abolished; all tenancies become periodic (weekly or monthly).
  • Rent control: Rent increases are capped at once per year, and rent must align with market rates. Tenants must be issued with a two-month notice period and no 12-month up-front rent can be taken.
  • Bidding wars banned: Landlords/agents cannot ask for or encourage "bidding wars" or rent offers higher than the listed price.
  • Notice periods: Tenants can end a tenancy with two months' notice. However, landlords must provide four months' notice to sell or move in, and cannot do so within the first year of tenancy. Landlords who try to end the tenancy improperly, such as over the phone or in person (rather than in writing) or without a valid reason, could face a £6,000 fine.
  • Pets & benefits: Tenants have the right to request a pet, and landlords cannot unreasonably refuse the request. Discrimination against tenants with children or on benefits is prohibited.
  • New protections: A new Private Rented Sector Landlord Ombudsman will handle disputes, and a "Decent Homes Standard" will apply to private rentals. 

Explainer videos on the National Residential Landlords Association website

The Renters’ Rights Act has come into force for new and existing tenancies, changing your tenancies and the rules you need to follow. Here are links to videos on the National Residential Landlords Association (NRLA) website:

• Find out how your existing tenancies are affected by the Renters' Rights Act, and access documents to help you comply with the new rules by 31st May.
• Landlord starter pack: https://www.nrla.org.uk/resources/landlord-starter-pack
• The Act makes several significant changes, such as banning rent in advance before a tenancy begins and restricting it during a tenancy; banning rental bidding wars and making it more difficult to increase rents.

Landlords: Avoid a £7,000 fine!

The Renters' Rights Act introduces new risks and obligations for landlords, which must be taken seriously. Some landlords may opt for fixed-rate mortgages to lock in stability, while others may prefer tracker rates to keep pace with economic shifts. No early repayment charges may become more popular as landlords look for flexibility in case they need to adjust their portfolios.

Anthony Emmerson, director at Trinity Financial, says: “Gone are the days where people can think there are ways around the rules because there are severe penalties in play, for example six or 12 months’ rent back if you don’t stick to the rules. We want to make sure action will be taken within the next 30 days so landlords do not face a fine of up to £7,000 for failure to comply. We don’t want our clients to fall foul of the requirements. 

"In the next 30 days, every individual tenant needs to have the renters' reform rights sent to them; this is a standardised document. As a landlord, you should keep a record of your communications with tenants. Thisismoney.co.uk has a good write-up on the new rules.”

What must the local authority do to issue a civil penalty?

The National Landlords Association says that to issue a civil penalty, the local authority must first serve a notice of intent. This notice must contain the following: The amount of the proposed penalty,  the reasons for proposing to impose the penalty. Information on how the landlord can make representations, and this notice must be served within 6 months of the local authority collecting enough evidence to prove the offence was committed, or while the offence is still being committed.

The landlord or agent has 28 days from the service of the notice of intent to make representations to the local authority regarding the notice. Once that period has passed, the local authority will decide whether to issue the penalty and whether to change its amount. Click here to read the full story. 

How many people rent homes in the UK? 

Around 4.7 million households use the private rented sector in England with 11 million renters. Around 450,000 households in Wales are private renters while 887,000 households renting in Scotland, including 323,000 renting privately.

Figures from the ONS show average rents increased to £1,423 (3.5%) in England, £826 (5.8%) in Wales, and £1,021 (2.6%) in Scotland, in the 12 months to January 2026.

How Trinity Financial can help landlords

Navigating the Renters' Rights Act can be challenging, but Trinity Financial’s expert brokers are here to make the process easier for you:

• Tailored Advice: We provide expert guidance on how the changes will affect your mortgage options, helping you find the best deal for your situation.
• Portfolio Management: If you need to upgrade your property to meet new standards, we can assist with refinancing or finding additional borrowing solutions.

Call Trinity Financial on 0808 1642174 - book a consultation or use our appointment calendar

Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.

The information contained within was correct at the time of publication but is subject to change.  It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage

HSBC has reduced selected residential fixed mortgage rates by up to 0.31%, giving borrowers access to some of the most competitive deals currently available.

The high street bank’s latest rate changes include a 4.42% two-year fixed rate for HSBC Premier customers, which undercuts Nationwide’s leading fixed-rate deals. HSBC has also launched a sub 4.6% five-year fixed rate, also for Premier customers, which is lower than comparable rates from Lloyds and Halifax.

Borrowers who do not qualify for HSBC Premier can still access highly competitive pricing. HSBC’s new two-year fixed rate for non-Premier customers is only marginally more expensive at around 4.45%, while its five-year fixed rate is just over 4.60%.

To qualify as a premier customer, borrowers will need to have an individual annual income of at least £100,000 and pay it into an HSBC Premier Bank Account, or have savings or investments of at least £100,000 with HSBC in the UK.

The rate cuts show that competition remains strong between the major mortgage lenders, with banks and building societies continuing to battle for places at the top of the best-buy tables.

Trinity Financial product director Aaron Strutt says: “HSBC has made a strong move with its latest fixed-rate reductions, and it is encouraging to see lenders still competing hard for mortgage business. It is surprising to see the bank undercut Nationwide. 

“The new Premier rates are particularly attractive, although not every borrower will qualify for them. HSBC’s non-Premier rates are also very competitive and will appeal to borrowers purchasing a property or remortgaging. HSBC actually offers up to 6.5 times salary mortgages to higher earners. 

“This round of rate cuts shows there is still plenty of competition in the mortgage market, even though pricing has been moving around a lot. Borrowers with larger deposits or significant equity in their homes are likely to have access to the lowest fixed rates.”

Representative Example: A capital and interest mortgage of £400,000 payable over 30 years, initially on a 4.42% fixed rate until 31 July 2028 and then on a variable rate of 6.24% for the remaining 28 years, would require 24 monthly repayments of £2,011.07 followed by 334 monthly repayments of £2,440.31. The total amount repayable would be £868,092.60. This amount is illustrative and may vary, made up of the loan amount, plus interest (£468,870.41) and £999 (product fee), £50 (final repayment charge), £17 (completion fee). The overall cost for comparison is 6.1% APRC representative.

HSBC reduces fixed rates by up to 0.31%

According to Moneyfacts, HSBC has reduced fixed-rate mortgages across its residential range, with cuts of up to 0.31%.

One of the biggest reductions applies to HSBC’s two-year fixed rate for home movers at 75% loan-to-value, which has been cut by 0.23% and is now priced at just below 4.8% fixed until 31 July 2028. The deal has no arrangement fee and includes a free valuation, helping it secure a place in the Moneyfacts Best Buys for both the direct and intermediary markets. Moneyfacts has awarded the product an Outstanding rating.

Larger mortgage loans available through HSBC

HSBC also continues to offer mortgage options for borrowers looking for larger loans. Its rate guide shows higher pricing for applicants seeking mortgages between £2 million and £5 million, which may be suitable for higher-value property purchases or larger remortgages. Some lenders do not charge a premium to borrowers seeking larger mortgage loans.

Borrowers taking out larger loans may be able to access competitive rates, but the most suitable option will depend on the loan size, deposit, income, property type and whether the applicant qualifies for HSBC Premier. 

Oli O’Donoghue, head of mortgages at HSBC UK, said: “These changes apply across much of our range and build on existing measures - for first-time buyers, this includes increasing borrowing power to up to 5.5 times income and offering cashback of up to £2,000 for eligible customers - supporting our ambition to help more people onto the property ladder.”

Call Trinity Financial on 0808 1642174 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage