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New HSBC mortgage steals the show

New HSBC mortgage steals the show

Category: Mortgages

Updated: 04/04/2011
First Published: 16/11/2010

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 It is now over 6 months old so the content may be out of date.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 launched a new fixed rate mortgage that should greatly appeal to those with a 10% deposit.

The new Fixed Rate Mortgage offers a rate of 4.99% to 28 February 2013, a maximum loan-to-value of 90% and a fee of £99.

Those remortgaging will have the added benefit of free legal fees.

The cut of 0.10% to 4.99% now makes this the top rate in this market.

The fee of £99 remains which will greatly benefit its target audience who will have limited set-up funds. It does lack incentives for house purchase customers but the low rate/low fee combination will make up for this shortfall.

The full complement of five out of five Moneyfacts stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.