HSBC cuts fixed-rate mortgage rates and fees
www.moneynews.co.uk > General finance > HSBC cuts fixed-rate mortgage rates and fees
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Money News |
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HSBC cuts fixed-rate mortgage rates and fees
Wed 30th Jul 2008
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Standard two-year deals will be cut by 0.31 per cent while the booking fee will go from £799 to £599.
Longer fixed-rate loans will fall by 0.16 per cent.
A new 5.98 per cent five-year fixed-rate mortgage is to be introduced, with all customers with an HSBC Plus or Premier account eligible for it. It includes a booking fee of £999.
Andy Mielczarek, head of lending, said that an estimated 750,000 people are looking to remortgage in the second half of the year.
He said: "Lowering our rates by 0.31 per cent means a saving of almost £500 a year for a homeowner with a £160,000 loan."
Meanwhile, finance website moneysupermarket.com has commented on Abbey overtaking HBOS as Britain's mortgage leader.
It said Abbey is still "winning the price war with its best two-year fixed, three-year fixed and two-year trackers coming in cheaper than Halifax".
Click here for more mortgage news.
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Related News : Mortgages |
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Related News : HSBC |
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