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.
Barclays unveils new fixed rate mortgage deals

Barclays is offering an escape from rising standard variable rates (SVR) with the launch today of four competitively priced fixed rate mortgages.

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."

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