Mortgage Interest Rates Cut By HSBC
Published: 5 October 2010 By Diane Ray Leave a Comment
HSBC has cut the interest rates on its 80% mortgage products, giving a welcome boost to homeowners.
The HSBC mortgage products for loans up to 80% LTV (Loan to Value) are being cut by 0.4%. The booking fees remain at £399 or less.
HSBC also now has a new low rate, low fee, 80% LTV 2 year discount mortgage at 2.79%. This has a booking fee of just £99.
Other mortgages available include tracker mortgages:
- Tracker special available up to 60% LTV at 2.19% with a £99 booking fee
- Fee free tracker available up to 80% LTV at 3.29% and no booking fee.
Martijn van der Heijden, Head of Lending at HSBC commented: “Our 2.79% discount mortgage is designed to help homeowners, many of which are facing a tough time.
With just a £99 booking fee, those with a limited budget don’t have to fork out a fortune to start saving money”.
Marketed worldwide as ‘the world’s local bank’, HSBC serves 16.1 million customers in the UK and employs approximately 56,000 people. HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London.
