New HSBC mortgage 'could suit all borrowers'

Money News

www.moneynews.co.uk > Mortgages > New HSBC mortgage 'could suit all borrowers'

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

New HSBC mortgage 'could suit all borrowers'

All homeowners could stand to benefit from the HSBC Split Loan Mortgage, not just those who want to protect themselves from increases in the Bank of England's base rate, moneysupermarket.com has suggested.

Hannah-Mercedes Skenfield, mortgage channel manager at the comparison site, accepted that many people will see the product as being most suited to individuals who are concerned about changes to the base rate.

However she pointed out that even those who think that the interest rate will stay at a low level could choose to fix just 25 per cent of the mortgage and get an impressive rate.

"Borrowers won't have to gamble on when to fix and, in theory, they should be able to access all the benefits of a low rate fixed rate coupled with the flexibility of a tracker," noted Ms Skenfield.

The HSBC Split Loan mortgage allows borrowers fix a proportion of their loan to an initial rate of between 2.49 per cent to 3.89 per cent interest.

Click here for more mortgage newsADNFCR-323-ID-19742855-ADNFCR

Related News : Mortgages

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : HSBC

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet