HSBC has reduced the rate on its five-year fixed mortgage by 0.10%, nudging it into the charts and snatching it the top accolade as a result.
This mortgage now has a highly competitive rate of 2.54% fixed until 30.4.21, the lowest rate currently available in its sector. It is offered at a loan-to-value (LTV) of 80% and has a fee of £999 (for properties of up to £1 million).
All borrowers who have a deposit of 20% at their disposal are welcome to apply for this deal. Those who are looking to remortgage can benefit from an incentive package of free legal fees, while all borrowers can profit from the option to make regular overpayments.
The entrance of this deal into the charts will surely capture the attention of borrowers, especially as it now pays the lowest rate in its sector. Remortgagors are likely to be particularly drawn to it thanks to its attractive incentive package. In short, this is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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