HSBC launches new mortgage range with one great rate

From Monday 5 February, HSBC is launching a new range of mortgages all at one great rate of 5.89%.

2, 3 and 5 year fixed-rates, plus tracker, all at 5.89%
Discount tracker at 5.59%
Exclusive discounted rates for Premier and Plus customers

Available to both new and existing customers, the new mortgage deals offer excellent long-term value, with no extended tie-ins or exit fees:

2, 3 and 5 year fixed-rates at 5.89%
Save £499 booking fee on 5 year fixed-rate mortgage
Tracker rate at 5.89%
Discount rate at 5.59%

HSBC is also launching a 10 year fixed-rate mortgage for the first time. This deal is available via the web only, at hsbc.co.uk, at the low rate of 5.49% with a £499 booking fee.

HSBC Premier and Bank Account Plus customers benefit from exclusive discounted rates on mortgages:

Premier customers can take advantage of the new fixed-rate and tracker deals at the lower rate of 5.69% and the discount tracker at 5.39%.
Borrowers taking out a mortgage over £200,000 with HSBC will qualify for the Premier service and can take advantage of the discounted rates.
Plus customers can also take advantage of a low rate of 5.69% on the HSBC tracker mortgage.

Rob Chesters, head of mortgages at HSBC said: “HSBC has a reputation for providing mortgages that are transparently priced and offer real long-term value. Our new mortgage range is highly competitive and the HSBC variable rate remains one of the lowest on the market.

“Borrowers who are looking to purchase a property or to re-mortgage should not only seek out a competitive rate, but be careful to check behind the headline rate for hidden fees, charges and extended tie-ins.

“Exit fees and high arrangement fees charged by some lenders can wipe out the savings made by re-mortgaging so it’s vital to know all the costs associated with your new mortgage before signing on the dotted line.”