HSBC gets top marks for 5-yr mortgage | Product News - Moneyfacts

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HSBC gets top marks for 5-yr mortgage

HSBC gets top marks for 5-yr mortgage

Category: Mortgages
Date: 02/01/2015

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 It is now over 6 months old so the content may be out of date.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 amended the rates of several of its fixed rate mortgages, including its five-year deal, which has allowed it to retain its market-leading position in the Moneyfacts charts.

The basics…

This deal now has a rate of 2.48% fixed until 30.4.20, making it the market leader in its sector. It is available at a loan-to-value (LTV) of 60% with a competitive fee of £999.

The finer details…

This mortgage is available to first-time buyers, homemovers and remortgagors with a 40% deposit. Those looking to remortgage can benefit from an incentive package of free legal fees.

Borrowers are given some flexibility over their repayments with the option to make regular overpayments.

Why we like it…

This deal offers borrowers with the right deposit a market-leading rate, which is sure to garner interest. The booking fee is also competitive and the option to make overpayments adds some welcome flexibility, adding to this mortgage's already large appeal, while remortgagors can benefit even further.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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