New HSBC mortgage steals the show - Mortgages - News - Moneyfacts


New HSBC mortgage steals the show

New HSBC mortgage steals the show

Category: Mortgages

Updated: 04/04/2011
First Published: 16/11/2010

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 It is now over 6 months old so the content may be out of date.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 launched a new fixed rate mortgage that should greatly appeal to those with a 10% deposit.

The new Fixed Rate Mortgage offers a rate of 4.99% to 28 February 2013, a maximum loan-to-value of 90% and a fee of £99.

Those remortgaging will have the added benefit of free legal fees.

The cut of 0.10% to 4.99% now makes this the top rate in this market.

The fee of £99 remains which will greatly benefit its target audience who will have limited set-up funds. It does lack incentives for house purchase customers but the low rate/low fee combination will make up for this shortfall.

The full complement of five out of five Moneyfacts stars has been awarded.

Find the best mortgage rate - Compare best selling 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 Any products featured may be withdrawn by their provider or changed at any time.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

85% of remortgagors benefit from lower rates

Mortgage rates are among the lowest ever recorded, and in the case of fixed rates, they just keep falling! This means it’s never been cheaper to fix your mortgage rate for the long term, and unsurprisingly, remortgagors are taking advantage.

Does your mortgage lender owe you money?

Earlier this week, the financial watchdog revealed that hundreds of thousands of mortgage holders could have been overcharged by their lender. Are you one of the many who could be in line for a windfall?

Do you think your home will rise in value?

There’s been a lot of talk recently about the rate of house price growth slowing, but is it affecting your personal expectations? According to research, it could be, with fewer people now expecting the value of their property to increase.