HSBC has reduced the rate on its variable-rate tracker mortgage, pushing it further up the best buy table.
This mortgage offers a very competitive rate of 2.79% variable for term and has a maximum loan-to-value of 70%.
Available directly to purchase and remortgage borrowers, this deal has a maximum advance of £1 million.
A free valuation is offered to all borrowers, whilst those remortgaging can take advantage of free legal fees. Borrowers do not need to pay an arrangement fee.
The option to make overpayments is also offered.
This product already featured in the best buy tables, but has been propelled into the top five of the market following a rate cut of 0.20%. Four out of five Moneyfacts Stars have been awarded.
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