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The Latest Breaking News from HSBC

Mortgage mayhem explained: Why are rates rising and what should you do now?

Mortgage rates are rising, spelling more misery for millions of homeowners across the country - but why are deals getting more expensive and what should you do next?

Daily Mirror

‘This is going to sting’: What will mortgage chaos mean for homeowners and renters?

Current rates of nearly 6 per cent causing equivalent ‘stress’ to double-digit rates of 1980s, Andy Gregory writes

The Independent UK

What is Support for Mortgage Interest and who is eligible?

Experts have warned it might get worse before it gets better

Evening Standard

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Mortgage chaos continues as HSBC raises prices for second time in a week

HSBC will raise the price of its mortgages for the second time in less than a week as lenders expect interest rates to rise to 5.75% by the end of the year.

Evening Standard

First Direct offer new customers £200 to switch banks - but you'll have to be quick

First Direct are offering new customers £175 to make the switch, plus an extra £30 Amazon voucher - but it's only available until midnight on Monday (June 19).

Chronicle Live

Mortgage turmoil deepens as Santander pulls loans and interest rates could rise again

Soaring cost of home loans is ‘very important’ issue says HSBC UK boss

The Independent UK

Somerset manufacture, SWP Concrete Solutions, invests in new HQ

The Bridgwater company has secured a £5.3m finance package from HSBC

Birmingham Post

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UK mortgage turmoil: Santander pulls new borrower deals as NatWest hikes rates

Move follows decision by HSBC and applies to brokers and online applications as lenders hike fixed rates

The Guardian - UK

HSBC unveils Innovation Banking arm centred on former Silicon Valley Bank UK business

'The UK’s world-leading technology and life sciences sectors are central to growing the UK economy'

Birmingham Post

Mortgage mayhem: NatWest increases rates as Santander temporarily pulls some deals – as it happened

Bank of England policymaker Jonathan Haskel says interest rates may need to rise higher, as mortgage providers raise rates or withdraw deals

The Guardian - UK

Your options if your bank including Lloyds, Halifax, NatWest and HSBC is shutting its doors in the North East

Seventeen North East communities so far are losing their branches in 2023 as more people opt to use online services

Chronicle Live

Martin Lewis' MSE urges bank customers to claim over £200 free cash with simple switch

The MoneySavingExpert team shared deals from First Direct, NatWest, Lloyds and HSBC where customers can get hundreds when they 'ditch and switch'

Chronicle Live

Labour says ‘Tory mortgage penalty’ costs homeowners extra £7,000 a year

Opposition finds fallout of Liz Truss mini-budget has raised average mortgage interest payments by £150 a week in two years

The Guardian - UK

HSBC UK reopens broker channel for mortgages

Increased lender rates across the market resulted in significant demand for the bank’s products.

The Independent UK

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Evening Standard

Mortgage rate panic causes home purchases to fall through as HSBC pulls loans

Yesterday afternoon HSBC became the latest top player to pull its loans

Daily Mirror

HSBC pulls mortgage products and Nationwide hikes deals over fears of rate rises

HSBC has removed its "new business" residential and buy-to-let products, while Nationwide increased its fixed rates as well as reducing some rates on trackers

The Guardian - UK

Mortgage turbulence continues as HSBC pulls deals; UK house prices ‘to fall 10%’ – business live

HSBC temporarily removes mortgage products for new customers, as borrowers face higher rates

The Guardian - UK

HSBC temporarily withdraws mortgage deals for new borrowers

Bank removes all its ‘new business’ residential and buy-to-let products after surge in demand

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The Independent UK

HSBC pulls mortgage products for new borrowers ahead of rates hike

Nationwide Building Society is hiking some fixed rates from Friday while HSBC UK has temporarily removed some products before relaunching on Monday

Wales Online

More pain for home buyers as Nationwide hikes mortgage rates HSBC deals disappear

It's more bad news for people buying or remortgaging

The Independent UK

Mortgage rates hiked and products temporarily withdrawn by lenders - OLD

Nationwide Building Society is hiking some fixed rates from Friday while HSBC UK has temporarily removed some products.

Bristol Post

Martin Lewis' Monday Saving Expert shares how NatWest and HSBC will give new customers £200 free cash

Banks including First Direct, NatWest, HSBC and Lloyds are offering people money to switch to them

Evening Standard

OPINION - Britain is the sick man of the West on inflation and now faces bitter medicine

First, the good news. Inflation is heading lower. US inflation peaked at 8.5 per cent late last year and is now running at around five per cent. Eurozone inflation peaked at 10.6 per cent and is now down to 6.1 per cent. UK inflation peaked at more than 11 per…

Daily Record

Man locked down in bank after trying to withdraw £15,000 from account amid row with staff

Police raced to a HSBC bank in Huddersfield town centre last Friday at around 11.35am over reports of an incident involving a male customer.

Daily Record

Full list of bank branches due to close before end of this year including 16 across Scotland

Nearly 70 branches of Bank of Scotland, RBS, Barclays, Lloyds, Halifax and HSBC are closing across the UK.

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