HSBC mortgage rate cut
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Money News |
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HSBC mortgage rate cut
Fri 25th Apr 2008
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The lender's standard rate will fall from 6.5 per cent to 6.25 per cent.
However, HSBC has a number of mortgage products available with different interest rates, such as the five-year fixed-rate mortgage at 5.39 per cent with a £999 fee.
It also offers a two-year discount mortgage with a rate of 5.43 per cent, which will fall to 5.18 per cent from May 9th, with the same fee.
In addition, the bank has launched a Rate Matcher deal, whereby it pledges to match the old rate of borrowers coming off fixed-rate mortgages between now and the 18th May if they switch to HSBC.
Abbey announced yesterday that it will reduce rates on its tracker and flexible deals by 0.1 per cent, following the Bank of England's decision to introduce a £50 billion mortgage bond scheme to help the property market get back on its feet.
Related News : Mortgages |
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Related News : HSBC |
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