HSBC launches new fixed-rate mortgage

Nationwide launches competitive new fixed-rate mortgage

Nationwide has announced the launch of a new two-year fixed-rate mortgage that is designed to help first-time buyers in particular.
Santander launches new fixed rate savings bond

Santander has announced the launch of a new issue of its fixed rate savings bond, designed to help savers make the most of their money.

Thursday, 25 March 2010 12:00

HSBC has responded to plans set out in the Budget to exempt new buyers purchasing properties worth less than £250,000 from stamp duty by launching a new mortgage.

Its two-year fixed-rate product carries a rate of 2.99 per cent for loans of a maximum size of £250,000 and comes with a £999 fee and a loan-to-value (LTV) of up to 70 per cent.

The bank has also cut the rate on its fee-free lifetime tracker mortgage, available for LTVs of up to 90 per cent, from 4.99 per cent to 4.49 per cent.

Andy Mielczarek, head of retail products at HSBC, said: "The combination of the stamp duty cut and our new mortgage deals gives first-time buyers a healthy boost."