HSBC lowers rates
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Money News |
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HSBC lowers rates
Mon 8th Sep 2008
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Its standard fee-free two, three and five-year fixed-rate mortgage deals are dropping by 0.56 per cent.
Loans on the same terms but with a £799 fee are being slashed by 0.46 per cent.
In addition, a fee-free, ten-year fixed-rate deal is being cut by 0.72 per cent while similar loans with the £799 fee are falling by 0.62 per cent.
The bank is also launching a 5.69 per cent three-year fixed-rate mortgage for new and existing customers, with a fee of £999.
HSBC pledged that its discount and tracker mortgages with rates as low as 5.39 per cent would continue for two years.
Martijn van der Heijden, head of mortgages at HSBC, said that the bank was passing on the benefits of dropping costs for funding fixed-rate deals.
In further news of interest to homeowners, More Than has offered advice to homes and businesses affected by flooding.
Electrics must not be touched while wet items should not be exposed to high levels of heat as this could damager them further.
Related News : Mortgages |
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Related News : HSBC |
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Related News : More Than |
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