Fees removed on HSBC mortgages

www.moneynews.co.uk > Mortgages > Fees removed on HSBC mortgages

Fees removed on HSBC mortgages

Tue 7th Aug 2007

HSBC has removed the fees on its mortgage products until September 30th in a bid to make their offerings more transparent.

The bank hopes that it will mow be easier for existing and potential customers to compare its products.

Fees for booking, standard valuation, completion, exiting, higher lending and account servicing are all being waived.

Rob Chesters, HSBC's head of mortgages, said the move puts the bank "one step ahead" of other lenders that have scrapped only exit fees.

"This will enhance HSBC's reputation for providing transparently priced mortgages which offer real long-term value," he claimed.

"Sadly, some lenders will simply look to rename their exit charge or bump up fees elsewhere, however, HSBC customers can rest assured, the rate they see is all they will pay."

Last week, Woolwich launched a lifetime tracker mortgage free of application fees.

Related News : Mortgages
	Brits 'failing to grasp the importance of an interest in mortgages'
	BBA highlights mortgage lending growth
	Are interest-free mortgages a bad idea?
	Buy-to-let mortgages are 'more profitable'
	House price performance to impact lenders' criteria
	More Brits 'to choose long-term mortgages'
	Offset mortgages 'are the future'
	UK house prices 'set to fall'
	Hybrid mortgages 'are a good deal' for FTBs
	UK public expects house price increase

Related News : HSBC
	HSBC commits to 15bn mortgage deals in 2012
	HSBC to offer deals for 2012
	HSBC advises mortgage holders to save for second purchase
	Renting out a room 'could shorten offset mortgage repayments'
	First Direct reveals lack of saving awareness in Britons
	HSBC and First Direct named top mortgage lenders
	New HSBC deal allows customers to switch to fixed rate mortgages
	HSBC finds pessimism over ability to secure mortgages
	HSBC welcomes pensions calculator change
	Pensions calculator advice important, says HSBC