HSBC pulling some of the cheapest fixed rates left on Sunday 22nd at midnight

by Aaron Strutt

Mar 20 2026

HSBC has announced it is making fixed-rate increases across its range of mortgages for new and existing customers. The bank will almost certainly increase its best deals on Sunday, 22nd March at midnight. There is time to access these rates, but you will need to be quick.

HSBC has not confirmed how much its rates will increase, but it is almost certain that its most competitively priced rates will be withdrawn. It has some of the cheapest fixed rates at the moment, including a two-year fix priced just over 4% and a five-year fix priced just over 4.15%. Borrowers have all day today and until midnight on Sunday to submit their mortgage applications to secure these rates. 

Aaron Strutt, product director at Trinity Financial, says: "Unfortunately, it seems likely that we are going to have another round of fixed rate price hikes, especially with future Bank of England base rate cuts looking well and truly off the table at the moment and the unanimous vote by the Monetary Policy Committee to hold base rate at 3.75%.

"Brokers have been submitting huge numbers of cases to ensure they get their clients the cheapest deals, so the combination of managing lending volumes to maintain processing times, as well as funding cost rises, is leading to the increasing number of rate hikes. More of the smaller and specialist lenders are also pulling their mortgages, often with very little notice, citing unprecedented market conditions."

Data from Twenty7tec shows 212 mortgage lender updates to its mortgage sourcing system between 9 March and 19 March and 34,380 product changes – but not all will be price increases.

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 020 7016 0790 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.

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