RSS Feed

Related Articles

Related Categories

HSBC lowers mortgage rates even further

2nd August 2013 Print

HSBC has reduced rates on a number of mortgages to provide even better value to borrowers looking to remortgage or make their first purchase.
The rate reductions, effective from Friday 2nd August, are available to borrowers with a 40% deposit or equity, include:

1.49% 2 year fixed -  £1999 fee
1.69% 2-year discount - £1499 fee
2.19% lifetime tracker - £1999 fee

HSBC is also introducing two new 5 year fixed rates at 60% LTV:

2.59% 5 year fixed -  £1999 fee
2.99% 5 year fixed - £99 fee

In addition, HSBC continues to offer market leading rates on mortgages for customers with a 10% deposit or equity:

3.59% 2-year fixed - £1499 fee
3.99% lifetime tracker - £999 fee

HSBC continues to offer remortgage customers £500 cashback on its standard and Fee-free mortgage range.
Peter Dockar, HSBC Head of Mortgages, said: "We have seen increasing confidence in the market and with mortgage rates at an all-time low now is a good time for borrowers to review their existing rates.
"Last year we opened more doors for our customers than ever before and with the security of our retail deposit funding we are committed to continuing to offer our customers competitive rates to help them achieve their property hopes and dreams."
Rachel Springall, finance expert at commented: "It's great to see HSBC rewarding remortgage customers with cashback especially when it's combined with a fee-free package. HSBC won the category of Best Remortgage Provider in the Moneyfacts Awards 2013. The 1.49% two-year fixed is the lowest rate in the market.

"First-time buyers will be pleased to see a market leading rate still on offer if they have a 10% deposit and enough money to cover mortgage fees. HSBC were also the winners in the Best First Time Buyer Mortgage Provider category at the Moneyfacts Awards 2013."

For more information, visit