HSBC has launched a highly competitive five-year fixed rate mortgage for small deposit holders, earning it a coveted place in the Moneyfacts charts and an 'outstanding' rating.
This mortgage has a rate of 2.88% fixed until 31.12.20, a market-leading rate for its terms. It is available at a loan-to-value (LTV) of 90% and has a fee of £1,499.
This deal is available to all borrowers with a modest 10% deposit. Those looking to remortgage can benefit from free legal fees, while all borrowers can profit from the flexibility to make overpayments.
Borrowers with only a modest deposit are likely to be intrigued by this new offer: it boasts a highly competitive rate and also gives borrowers the potential to reduce their mortgage balance through regular overpayments. Remortgagors can also benefit from the generous offer of free legal fees, which will help to keep their upfront costs down. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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