HSBC has introduced significant changes to its Premier current account, which offers customers more favourable mortgage rates

New criteria have been introduced, which make it harder for potential homebuyers to qualify for the accounts – and the preferential mortgages.

The banking giant, which serves over 16 million UK customers, has raised the income and savings thresholds required to open the Premier account.

Previously, customers could qualify for an HSBC Premier account by earning £75,000…