Oli O’Donoghue, HSBC UK’s director of mortgage lending, said: “Following a review, we are reducing our standard variable rate to 6.74 per cent, which will benefit those customers who have ...

HSBC UK is set to cut its standard variable rate (SVR) for homeowner mortgages, bringing welcome relief to those whose fixed rates have lapsed and who haven't opted for a new mortgage product.

HSBC UK has reduced its standard variable rate (SVR) on homeowner mortgages from Friday. The move will mean lower monthly payments for homeowners who have moved from a fixed rate and chosen not to ...