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

New sub-1% mortgage launches as rate war heats up

Written by:
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.

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.

Autumn Statement: Everything you need to know at a glance

Yesterday Chancellor Jeremy Hunt made his first fiscal statement in the role, outlining a range of tax measure...

End of Help to Buy: 10 alternatives for first-time buyers

The deadline for Help to Buy Equity Loan applications passed on 31 October. If you’re a first-time buyer who...

Moving to an energy prepayment meter: Everything you need to know

As households struggle with the soaring cost of energy, tens of thousands of billpayers are expected to move o...

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.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week