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Product focus: mortgages

Product focus: mortgages

Category: Mortgages

Updated: 27/01/2010
First Published: 04/09/2009

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 It is now over 6 months old so the content may be out of date.
The mortgage market received a welcome lift recently with the unveiling of HSBC's 1.99 per cent product. Despite being accused of starting a potential price war, HSBC also appears to be dominating many of the Moneyfacts.co.uk mortgage best buy tables.

Here are the current top mortgages available.

NatWest Mortgage Services – 2 Year Fixed

This product offered by NatWest Mortgage Services, has a rate of 3.69 per cent until 31st October 2011. The deal is only available directly to purchase customers. Applicants can borrow up to 75 per cent of the property value, while the minimum advance is £25,000. A fee of £799 is payable. There is also the opportunity to make overpayments by up to 10 per cent by either lump sums or regular payments.

HSBC – 3 Year Fixed

This product offers a rate of 4.19 per cent until 30th November 2012 and has an arrangement fee of £999. The maximum loan to value is 60 per cent and customers can borrow up to £250,000. The deal is open to both purchase and remortgage customers. No flexible features are available, although borrowers wishing to remortgage in England will be pleased with the incentive of free legal fees, while remortgage customers in Northern Ireland and Scotland will receive legal assistance of up to £400.

HSBC – 5 Year Fixed

Topping the best buys again is HSBC's five year fixed deal at 4.95 per cent until 30th November 2014. The product has an arrangement fee of £999 and is available to both purchase and remortgage borrowers. The maximum loan to value is 60 per cent and customers can borrow up to £500,000. No flexible features are available for this product, although remortgage borrowers in England will be pleased with the incentive of free legal fees. Remortgage customers in Northern Ireland and Scotland will receive legal assistance of up to £400.

HSBC – Variable for term

Another best buy from HSBC, this time 2.95 per cent for term. The product has a £699 fee and applicants can borrow up to 75 per cent of the property value for both remortgage and purchases. Remortgage customers in England have the incentive of free legal fees, while remortgage customers in Northern Ireland and Scotland will receive legal assistance of up to £400. Overpayments can be made by either regular payments or lump sums.

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.

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