New 5-yr mortgage has a market-leading rate | Product News - Moneyfacts

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New 5-yr mortgage has a market-leading rate

New 5-yr mortgage has a market-leading rate

Category: Mortgages
Date: 27/03/2015

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 It is now over 6 months old so the content may be out of date.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 introduced a new five-year fixed rate mortgage, which has earned an 'excellent' rating for its highly attractive rate and terms.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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