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.
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.
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.
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
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