HSBC has introduced a new five-year fixed rate mortgage, which has earned an 'excellent' rating for its highly attractive rate and terms.
This mortgage has a rate of 2.19% fixed until 30.6.20, which is the lowest rate currently available in its sector. It is offered at a loan-to-value (LTV) of 60% and has a fee of £1,499.
This deal is open to first-time buyers, homemovers and remortgagors with a 40% deposit. Those looking to remortgage their home can benefit from an incentive package of free legal fees.
All borrowers can profit from the flexibility to make regular overpayments of up to 20% of the mortgage payment each month.
For borrowers with the right deposit, this mortgage is an attractive prospect. It boasts the lowest rate currently available in its sector and the bonus of free legal fees for remortgagors also enhances its appeal.
Moneyfacts rating: Excellent
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