First-time Buyer
New sub-1% mortgage launches as rate war heats up
HSBC has become the latest lender to unveil a sub-1% mortgage with a two-year fix at 0.89%.
The offer, which the bank says is its lowest ever fixed rate deal, requires a deposit of 40% and comes with a £999 fee.
The five-year alternative has a rate of 0.99%.
Lenders have been slashing rates in recent weeks, with several sub-1% deals coming to market.
Yesterday, Halifax launched a two-year fixed rate at 0.83 per cent for borrowers with a 40% deposit. It comes with a fee of £1,499 and is available through brokers only.
