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.
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.
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