HSBC sweeps discounted mortgage rivals aside - Mortgages - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

HSBC sweeps discounted mortgage rivals aside

HSBC sweeps discounted mortgage rivals aside

Category: Mortgages

Updated: 15/03/2010
First Published: 15/03/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

HSBC has swept the competition aside with the launch of its new discounted variable rate mortgage .

Offering a rate of just 1.99% for two years, this discounted deal is the only product of its kind available at a price below 2%.

Available at the affordable fee of £999, this deal requires a minimum deposit of 40%.

The maximum advance has been reduced to £250K, while an incentive of free legal fees is applicable to remortgages in England and Wales.

Borrowers in Scotland and Wales will receive help towards their fees, up to a maximum of £400.

The stunning rate and reasonable fee combine to earn this product the full complement of five out of five Moneyfacts stars.

Compare variable rate mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.

Homeowners underestimate remortgaging savings

Remortgaging has been enjoying a surge in popularity in recent months, and considering how much you could save, it’s a no-brainer! Unfortunately, many fail to realise the extent of potential savings, which could mean too few make the switch.