'Rare' fixed rate mortgage offered by HSBC

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'Rare' fixed rate mortgage offered by HSBC

A source from HSBC has suggested the firm is offering consumers a rare opportunity in launching its new fixed rate mortgage.

Stuart Beattie, head of mortgages at the company, claimed that competitive deals have become "few and far between".

In his opinion, that is what makes the unveiling of a five-year fixed rate mortgage at 4.29 per cent with a £99 fee all the more special.

"Customers who want to lock into a fixed mortgage may need to act fast if they want to get the lowest rates," remarked Mr Beattie.

The promotion is part of a home finance sale at HSBC that ends on February 6th 2011, with another product in the range being a seven-year fixed rate arrangement at 4.69 per cent interest, with a fee of £999.

Last week, the financial services provider noted that it came second in a list of UK mortgage lenders with the fewest fees.

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