HSBC unveils top variable mortgage - Mortgages - News - Moneyfacts


HSBC unveils top variable mortgage

HSBC unveils top variable mortgage

Category: Mortgages

Updated: 01/02/2013
First Published: 01/02/2013

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 It is now over 6 months old so the content may be out of date.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 launched a market-leading variable tracker rate mortgage available to borrowers with deposits of 40% and over.

The basics…

Offering a variable rate of 2.38% (BBR+1.88%) for term, this deal has a maximum loan-to-value of 60%.

The finer details….

Purchase and remortgage borrowers have a maximum advance of £250,000 and an arrangement fee of £1,499 is payable upfront.

Free legal fees are also offered to remortgage customers.

Why we like it….

This mortgage offers a good all-round deal to borrowers with large deposits. Five out of five Moneyfacts stars have been awarded.

What next?

Search all mortgages
Compare variable and tracker 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 Any products featured may be withdrawn by their provider or changed at any time.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

Goodbye to the Help to Buy Guarantee

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. It’s certainly done wonders for the high loan-to-value sector, so we thought we’d take a closer look at the significance of the scheme and the effect it’s had.

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.