HSBC mortgage offers "innovative solution"
www.moneynews.co.uk > Mortgages > HSBC mortgage offers "innovative solution"
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HSBC mortgage offers "innovative solution"
Mon 26th Apr 2010
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Head of mortgages at HSBC Martijn van der Heijden highlighted how it is not possible to know exactly what will happen to interest rates in the UK, which is why the Split Loan Mortgage could be a smart choice.
The product offers borrowers the chance to fix 25, 50 or 75 per cent of their loan and leave the rest of a tracker deal, with finance available for mortgages of up to 80 per cent loan to value.
Mr van der Heijden remarked: "HSBC's new Split Loan Mortgage is an innovative solution for borrowers as they can benefit from a super low rate but also the peace of mind from their fixed portion."
The Bank of England's Monetary Policy Committee is set to vote on May 10th to decide whether to alter the base rate, which currently stands at 0.5 per cent.
Click here for more mortgage news
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Related News : HSBC |
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