You are here: Home - Mortgages - First Time Buyer - News -

HSBC launches lowest-ever five-year mortgage rate

0
03/05/2017
HSBC has launched the lowest fixed-rate on the market at 1.69% available up to 60% loan-to-value with a fee of £999.

The deal sneaks in at 0.01% lower than the previous market-leader Barclays, which offers 1.70% fixed for five years but with a fee of 1,499.

It follows Atom Bank’s short-lived promotion which saw it offer a five-year fixed rate mortgage at 1.29% available up to 60% LTV; the same price as a two-year fix. It was withdrawn seven days later.

In total, HSBC has cut 14 fixed rates by 0.25%. The bank is now offering a 90% LTV two-year fixed rate at 1.94% with a £999 fee and a fee saver option of 2.34%. The fee saver option means the product has no booking, valuation or completion fee.

A 0.25% cut on its 10-year fix has brought the rate down to 2.69% available up to 70% LTV with a £999 and free valuation.

The rate cuts are available for first-time buyer deals, purchases and remortgages.

Tracie Pearce, HSBC’s head of mortgages in the UK, said: “Following the Easter break, the home-buying season should soon be in full swing. These rate cuts across our range of LTVs will help those buying for the first time as well as those moving home or wanting to remortgage.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
children saving
School fees rise 3.5%: how to plan for the cost of children’s education

Day school fees now cost an average of £14,000 per year, up 3.5% from last year which is faster than...

Close