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HSBC reduces tracker mortgage rate

HSBC reduces tracker mortgage rate

Category: Mortgages

Updated: 04/03/2013
First Published: 04/03/2013

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 It is now over 6 months old so the content may be out of date.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 its variable tracker rate by 0.10%, asserting its position in the variable rate best buy tables.

The basics…

This deal offers a competitive variable rate of 2.99% for term (BBR + 2.49%) and has a maximum loan-to-value of 70%.

The finer details….

Available directly to purchase and remortgage borrowers, this product has no arrangement fee and also offers incentives of free valuation fees and free legal fees for those remortgaging.

There is also the option to make overpayments.

Why we like it….

This deal should attract a fair amount of interest from borrowers with deposits of 30% and over who are looking for a competitive variable rate. Five out of five Moneyfacts Stars have been awarded.

What next?

Compare variable and tracker rate mortgages
Mortgage repayment calculator
How much can you borrow calculator

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 Any products featured may be withdrawn by their provider or changed at any time.