HSBC sweeps discounted mortgage rivals aside - Mortgages - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

HSBC sweeps discounted mortgage rivals aside

HSBC sweeps discounted mortgage rivals aside

Category: Mortgages

Updated: 15/03/2010
First Published: 15/03/2010

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 It is now over 6 months old so the content may be out of date.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 swept the competition aside with the launch of its new discounted variable rate mortgage .

Offering a rate of just 1.99% for two years, this discounted deal is the only product of its kind available at a price below 2%.

Available at the affordable fee of £999, this deal requires a minimum deposit of 40%.

The maximum advance has been reduced to £250K, while an incentive of free legal fees is applicable to remortgages in England and Wales.

Borrowers in Scotland and Wales will receive help towards their fees, up to a maximum of £400.

The stunning rate and reasonable fee combine to earn this product the full complement of five out of five Moneyfacts stars.

Compare variable rate mortgages

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 Any products featured may be withdrawn by their provider or changed at any time.