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HSBC improves market leading discount mortgage

HSBC improves market leading discount mortgage

Category: Mortgages

Updated: 04/01/2010
First Published: 04/01/2010

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 It is now over 6 months old so the content may be out of date.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 reduced the rate of its market leading two year discounted variable rate mortgage.

It offers a rate of 2.29% (1.65% discount), although the fee has been increased from £999 to £1,499.

This latest cut of 0.20% makes this eye catching deal some 0.70% cheaper than its nearest rival. Offering those who are remortgaging and have the 40% equity required a free legal service, it is bound to appeal to many borrowers.

It has been awarded four out of five Moneyfacts stars.

Compare discounted variable rate mortgages

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