HSBC maintains standard variable rate at 6.25%

HSBC Bank plc has announced it is to maintain its market leading ‘HSBC variable mortgage rate' at 6.25%.

The bank cut the rates on its tracker mortgages by 0.5% on 9th October 2008, immediately following the Bank of England's decision.

Earlier this year Defaqto research showed that HSBC's standard variable rate was the lowest of all mortgage lenders last year. This rate continues to be the lowest among all high street banks and major building societies.

HSBC also has a range of best buy lifetime trackers with no redemption penalties and a maximum loan to value of 90%:

Lifetime tracker 5.44% with a £499 fee
Lifetime tracker for HSBC Plus customers 5.34% with a £499 fee
Lifetime tracker for HSBC Premier customers 5.24% with a £499 fee
Lifetime remortgage tracker at 5.29% with a £599 fee (max LTV 75%)