New HSBC fixed rate mortgage available at up to 85% LTV
www.moneynews.co.uk > Mortgages > New HSBC fixed rate mortgage available at up to 85% LTV
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Money News |
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New HSBC fixed rate mortgage available at up to 85% LTV
Fri 11th Feb 2011
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The discount mortgage features interest at 3.49 per cent and an arrangement fee of £99.
Commenting after the launch of the product, head of mortgages at HSBC Stuart Beattie described how the proposition forms a key part of the company's offering to first-time buyers.
He noted that the firm's 90 per cent LTV arrangements are proving popular and this new deal has been launched off the back of strong demand for this type of consumer.
Mr Beattie made his remarks after the Monetary Policy Committee held the base rate at 0.5 per cent for another month, saying: "Although [the] decision by the MPC was expected, homeowners will still be relieved that interest rates have been kept on hold."
Responding to the news, CBI chief economic adviser Ian McCafferty pointed out that more MPC members are showing concerns about inflationary pressures in the UK economy.
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Related News : HSBC |
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