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

Product News

HSBC’s 5-yr mortgage gets top marks

HSBC’s 5-yr mortgage gets top marks

Category: Mortgages
Date: 01/12/2014

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 It is now over 6 months old so the content may be out of date.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 stolen the show with its new five-year fixed rate mortgage, which has stormed the Moneyfacts charts and snatched the top spot for the five-year sector.


The basics…

This deal has a market-leading rate of 2.48% fixed at a loan-to-value (LTV) of 60% until 28.2.20. A competitive fee of £999 is payable.


The finer details…

First-time buyers, second-time buyers and remortgagors with a 40% deposit are all welcome to apply for this mortgage, with those looking to remortgage benefiting from an incentive package of free legal fees.

Borrowers are given some repayment flexibility with the option to make regular overpayments every month.


Why we like it…

This deal has an undeniably eye-catching rate, and for borrowers with the right deposit, this is bound to be an attractive option. Remortgagors will be particularly pleased to see that they can profit from no legal fees, while all borrowers will be able to benefit from the flexibility of penalty-free overpayments.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close