HSBC launches new mortgage deal to tempt first-time buyers
Thursday, 24 November 2011 02:35
HSBC has announced a new deal on mortgages that could help first-time buyers get a foot on the property ladder.
The bank said today (November 24th 2011) that it can now offer a 3.84 per cent two-year discount deal with no fee for borrowers with only a ten per cent deposit.
This represents its first ever deal below four per cent for people wanting a high loan-to-value ratio deal and could benefit those hoping to move house as well as anyone looking to buy their first home.
HSBC head of mortgages Peter Dockar said: "We recognise that first-time buyers need help so as well as great rates with no fee options, we offer our customers a free mortgage advice service in branch to help them get the right deal for them."
There are also good deals available on two and five-year fixed mortgages for those with low deposits.
HSBC currently serves 16.1 million customers in the UK and employs approximately 58,000 people.
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