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HSBC launches its lowest ever fixed rates

4th March 2013 Print

HSBC has responded to growing demand for borrowers seeking a fixed rate by launching its lowest ever 2, 5, 7 and 10 year fixed rate mortgages next week.
The rates, available from Monday 4th March, are available to borrowers with a 40% deposit and have a £1999 booking fee:

2-year fixed - 1.79%
5-year fixed - 2.78%
7-year fixed - 3.49%
10-year fixed - 3.99%
HSBC is also launching its lowest ever 2 year discount rate at 60% LTV at 1.75% with a £1,999 fee.
In addition, HSBC is lowering rates on mortgages for customers with a 10% deposit. These rates are Fee-free for HSBC current account holders or have a £599 booking fee for non-current account holders:

2-year fixed - 4.15%
5-year fixed - 4.65%
Lifetime tracker - 4.39%

Peter Dockar, HSBC Head of Mortgages, said: "Last year we approved a record £19.5bn to UK mortgage borrowers and we will continue to support our customers by offering them competitive rates to help fund their property aspirations."