HSBC issues market-leading five-year rate | Product News - Moneyfacts

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HSBC issues market-leading five-year rate

HSBC issues market-leading five-year rate

Category: Mortgages
Date: 29/04/2013

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 It is now over 6 months old so the content may be out of date.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 stormed the long-term fixed-rate market with a ground-breaking five-year rate available to borrowers with existing HSBC current accounts.

The basics…

This new deal offers a rate of 2.49% to 31.8.18 and has a maximum loan-to-value of 60%.

The finer details….

Purchase and remortgage customers looking to take advantage of this winning rate can borrow up to £250,000. An arrangement fee of £1,999 is payable upfront.

Remortgage borrowers will receive free legal fees, whilst all borrowers can make overpayments of up to 20% of their monthly mortgage repayment.

Why we like it….

At a time when mortgage rates are being slashed left, right and centre, this latest offering from HSBC has grabbed headlines for being the first five-year mortgage rate to dip below the 2.50% threshold.

Whilst other deals of the same term offer lower arrangement fees or broader incentive packages, this deal will prove very popular with borrowers with large deposits who are looking for a market-leading rate.

What next?

Compare 5 year and over fixed rate mortgages
Mortgage repayment calculator
How much can you borrow 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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