HSBC cuts variable mortgage rate | Product News - Moneyfacts

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HSBC cuts variable mortgage rate

HSBC cuts variable mortgage rate

Category: Mortgages
Date: 05/07/2013

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 It is now over 6 months old so the content may be out of date.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 rate on its variable-rate tracker mortgage, pushing it further up the best buy table.

The basics…

This mortgage offers a very competitive rate of 2.79% variable for term and has a maximum loan-to-value of 70%.

The finer details….

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.

Why we like it….

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.

What next?

Compare variable and tracker rate mortgages
Compare discounted rate mortgages
Mortgage repayment calculator

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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