2-yr mortgage is given ‘excellent’ rating | Product News - Moneyfacts

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2-yr mortgage is given ‘excellent’ rating

2-yr mortgage is given ‘excellent’ rating

Category: Mortgages
Date: 31/12/2015

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 It is now over 6 months old so the content may be out of date.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 extended the end date of its two-year fixed rate mortgage, earning it an 'excellent' rating as a result.


The basics…

This mortgage has a competitive rate of 2.19% fixed until 31.3.18. It is available at a loan-to-value (LTV) of 90% and has a fee of £1,499.


The finer details…

This deal is available to all applicants with a modest deposit of 10%. All borrowers can profit from the flexibility of being able to make overpayments of up to 20% of the mortgage payment per month, while those looking to remortgage can also benefit from an incentive package of free legal fees.


Why we like it…

The extension of this deal means that more borrowers have the opportunity to snap up a competitive rate. The fact that it allows overpayments to be made is also appealing and will call to those who wish to have more control over their repayments.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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