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HSBC extends 1.99% mortgage deal

Tuesday, 06, Oct 2009 02:05

HSBC has announced its 1.99 per cent discount mortgage offer is being continued until the end of October.

The deal, which was launched on September 1st, has attracted huge interest according to the bank, which reported sales of £245 million worth of discount mortgages in that month alone.

Martijn van der Heijden, head of mortgages for HSBC, said: "Our range of mortgages have topped the best buy tables for most of the year.

"We made a commitment to stay open for business and extending the 1.99 per cent mortgage is part of that."

The 1.99 per cent rate is available on two-year discount mortgages for customers with loan-to-value (LTVs) of 60 per cent.

It comes with a fee of £1,199.

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Company

Mortgage Type

Duration

Initial Rate

Subsequent Rate (Variable)

Overall Cost for Comparison

Apply

Tracker Term 2.19% Base + 1.69% currently 2.2% 2.2% APR
  Borrow up to 60% of the value of your home. Product fee £99
To view this table in full and compare a comprehensive range of mortgage products, visit our compare mortgages pages.

Company

Mortgage Type

Duration

Initial Rate

Subsequent Rate (Variable)

Overall Cost for Comparison

Apply

Tracker Term 2.19% Base + 1.69% currently 2.2% 2.2% APR
  Borrow up to 60% of the value of your home, Product fee £999
To view this table in full and compare a comprehensive range of mortgage products, visit our compare mortgages pages.

Company

Mortgage Type

Duration

Initial Rate

Subsequent Rate (Variable)

Overall Cost for Comparison

Apply

Fixed 2 years 3.19% 4.24% 4.2% APR
  Borrow up to 70% of house value. Booking fee £495
To view this table in full and compare a comprehensive range of mortgage products, visit our compare mortgages pages.

Company

Mortgage Type

Duration

Initial Rate

Subsequent Rate (Variable)

Overall Cost for Comparison

Apply

Fixed until 02/10/2012 5.29% Base + 2.49% currently 2.99% 3.7% APR
  Borrow up to 60% of the value of your property. Minimum loan £50,000 Maximum loan £1,000,000
To view this table in full and compare a comprehensive range of mortgage products, visit our compare mortgages pages.

Company

Mortgage Type

Duration

Initial Rate

Subsequent Rate (Variable)

Overall Cost for Comparison

Apply

Tracker 2 years 2.54% 3.50% 3.5% APR
  Borrow up to 75% of the value of your home, Product fee £195
To view this table in full and compare a comprehensive range of mortgage products, visit our compare mortgages pages.

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