5-yr fixed mortgage gets a rate cut | Product News - Moneyfacts

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5-yr fixed mortgage gets a rate cut

5-yr fixed mortgage gets a rate cut

Category: Mortgages
Date: 01/09/2015

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 It is now over 6 months old so the content may be out of date.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 reduced the price of its five-year fixed rate mortgage by 0.20%, earning it an 'outstanding' rating as a result.

The basics…

This deal now has a competitive rate of 3.49% - the joint-lowest available for its terms - fixed until 30.11.20. It is available at a loan-to-value (LTV) of 90% and has a fee of £999.

The finer details…

All borrowers with a modest deposit of 10% can apply for this mortgage, while those looking to remortgage their property can benefit from an incentive package of free legal fees. All borrowers can also take advantage of the option to make overpayments.

Why we like it…

The rate reduction to this mortgage has upped the ante in terms of competition, something that is certain to be noticed by borrowers with smaller deposits. Remortgagors in particular can benefit from this deal by taking advantage of the offer of free legal fees. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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