New HSBC deal allows customers to switch to fixed rate mortgages
www.moneynews.co.uk > Mortgages > New HSBC deal allows customers to switch to fixed rate mortgages
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New HSBC deal allows customers to switch to fixed rate mortgages
Tue 12th Apr 2011
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Stuart Beattie, head of mortgages at the lender, pointed out that it could cost some borrowers nothing to switch to the arrangement, as there are no fees attached to the product.
HSBC noted that several financial institutions do not charge an exit fee, so people could genuinely move their home finance responsibilities across at no cost to themselves.
"Homeowners are telling us that they are looking for a low cost way to move to a better value mortgage to help with their monthly budgets," said Mr Beattie.
The tracker mortgage is available at +1.89 per cent interest on 60 per cent loan-to-value arrangements, with this figure rising depending on how large the applicant's deposit is.
Customers can switch to a fee-free fixed deal until December 31st 2012.
Last month, Mr Beattie added his support to the government's plans to help first-time buyers.
Click here for more mortgages news
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Related News : HSBC |
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