HSBC introduces zero fees on all mortgages

HSBC is launching a range of new mortgage deals for the month of April. Available to both new and existing customers, every new HSBC mortgage is completely fee free until 30 April.

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 and we have therefore taken the decision to be the first UK bank to introduce zero fees on all our mortgages.”

Anyone buying a property during the peak Spring home buying season, or thinking of remortgaging for a better deal can take advantage of good value fixed-rate, tracker and discount mortgages with zero fees:

No booking fee (usual £499 waived)
No standard valuation fee
No completion fee
No exit fee

Rob Chesters continued: “Home owners are already switched on to the benefits of re-mortgaging, but it is crucial to check carefully behind the headline rate for the true cost of fees, charges and extended tie-ins. There has been a proliferation of high arrangement fees across the market, which can wipe out the savings made by re-mortgaging, particularly if the fee is wrapped up into the mortgage loan.

“However, it’s not just about upfront costs – further borrowing fees, admin fees and duplicate statement fees can all add up. Exit fees, in particular, are difficult for borrowers to compare – but while other lenders have been putting their exit fees up, HSBC’s has remained exactly the same – zero.”

This offer is available to all customers taking out a mortgage home owner loan or buy-to-let mortgage during April.