HSBC mortgage is a chart-topper | Product News - Moneyfacts

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HSBC mortgage is a chart-topper

HSBC mortgage is a chart-topper

Category: Mortgages
Date: 21/06/2016

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 It is now over 6 months old so the content may be out of date.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 cut the rate on its 'special' two-year fixed mortgage by 0.17%, enabling it to push its way to the very top of the Moneyfacts charts and earn the top rating in the process.

The basics…

This mortgage now has a rate of just 0.99% fixed until 31.8.18, the lowest rate currently available. It is offered at a loan-to-value (LTV) of 65% and has a fee of £1,499.

The finer details…

All applicants with the right deposit are welcome to apply for this highly competitive deal. Remortgagors can profit from free legal fees while all borrowers can benefit from the option to make overpayments of up to 20% of the mortgage payment every month.

Why we like it…

This recent rate cut is bound to grab headlines and attention - it's the only mortgage available under 1.00%, and could be a cost-effective option for eligible borrowers who are looking to keep their repayments down. Those looking to remortgage can also take advantage of the offer for free legal fees, which will help to partially offset the product fee. In short, this is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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