New HSBC mortgage is (five) star of the show - Mortgages - News - Moneyfacts

News

New HSBC mortgage is (five) star of the show

New HSBC mortgage is (five) star of the show

Category: Mortgages

Updated: 22/10/2009
First Published: 22/10/2009

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 enhanced its already highly competitive mortgage range with the launch of a fee free, discounted rate product.

It boasts a rate of 2.99% for two years (0.95% discount), a maximum loan-to-value of 75%, no fee and incentives of free valuation and remortgages legal d fees (England and Wales) or a £400 rebate (Scotland and Northern Ireland).

As well as offering one of the lowest rates in this sector, the absence of an arrangement fee and the incentives package for both purchase and remortgage borrowers ensures excellent value for money.

The scaled down philosophy behind this product means that no overpayments are allowed although, this is outweighed by the fantastically low rate and fee.

The product has been awarded the maximum five out of five Moneyfacts stars.

Find the best mortgage for you - compare 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 Any products featured may be withdrawn by their provider or changed at any time.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

The time is now for remortgaging

Mortgage borrowers have been urged to review their existing deals after it was revealed that remortgage opportunities continue to flourish in the post-Brexit vote world.

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On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market.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.
 
Close