HSBC has cut rates on a number of mortgages at 60% LTV.
New rates include:
- 1.49% 2 year fixed – £1999 fee
- 1.69% 2-year discount – £1499 fee
- 2.19% lifetime tracker – £1999 fee
HSBC is also introducing two new 5 year fixed rates at 60% LTV:
- 2.59% 5 year fixed – £1999 fee
- 2.99% 5 year fixed – £99 fee
HSBC continues to offer remortgage customers £500 cashback on its standard and Fee-free mortgage range.
The mortgage must be drawn down within six months of the date of the mortgage offer. Cashback will be paid within 40 days of the first monthly payment being made. This offer is limited to one application per property.
Fee-free means: No booking fee, no standard valuation fee, no completion fee.
Peter Dockar, HSBC’s head of mortgages, said: “We have seen increasing confidence in the market and with mortgage rates at an all-time low now is a good time for borrowers to review their existing rates.
“Last year we opened more doors for our customers than ever before and with the security of our retail deposit funding we are committed to continuing to offer our customers competitive rates to help them achieve their property hopes and dreams.”