HSBC: Cuts to fixed-rate mortgages, new tracker
Friday, 02 Nov 2007 17:20
HSBC is to offer a new remortgage tracker and reduce rates on its fixed rate mortgages.
The lender is offering a tracker at 0.23 per cent above the Bank of England base rate, currently at 5.98 per cent, for the life of the loan.
The Re-mortgage Tracker is open to loans up to 90 per cent loan-to-value and has a £599 booking fee.
There are no early repayment charges or exit fees and unlimited overpayments are permitted.
HSBC has also cut its two, three and five year fixed rate mortgages to 6.29 per cent.
Martijn van der Heijden, HSBC head of mortgages, said: "While other lenders are starting to withdraw their best rates, HSBC is looking to help homeowners with lower interest rates. HSBC’s Re-mortgage Tracker is a great deal, and with one lower rate for two, three and five year fixed rate offers we are giving customers real value and choice while making our line up simpler."