HSBC fee-free lifetime tracker rate cut
www.moneynews.co.uk > Mortgages > HSBC fee-free lifetime tracker rate cut
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Money News |
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HSBC fee-free lifetime tracker rate cut
Tue 11th Sep 2007
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The bank has decided to cut the rate of interest on its fee-free offering from 6.45 per cent to 6.44 per cent.
Available at up to 90 per cent loan-to-value, the lifetime tracker follows the Bank of England's base rate at 0.69 per cent above.
Commenting on the launch and on receiving the seal of approval for the product from What Mortgage, Rob Chesters, head of mortgages at HSBC, said: "We are delighted our fee-free lifetime tracker mortgage has received What Mortgage's first-ever seal of approval.
"To celebrate, we have lowered the rate on the loan, making it even more attractive to home buyers."
Last week, HSBC announced that mortgage holders with the bank and new borrowers can benefit from frozen premiums on its home insurance offering.
Related News : Mortgages |
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Related News : HSBC |
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