HSBC launches 2.79% 10-year fix

Ryan Fowler

July 7, 2016

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HSBC’s has launched a new 10-year fixed rate mortgage at 2.79%. 

The move follows yesterday’s announcement from the Coventry Building Society that it will be launch 2.39% on Friday.

The Coventry mortgage is available up to 50% loan-to-value and it comes with a £999 fee. Whilst the HSBC deal is available up to 70% LTV and is fee free.

Housing market open for business after Brexit

Tracie Pearce, HSBC’s head of mortgages in the UK, said: “Fixing your mortgage rate for the long-term offers customers certainty that their mortgage repayments will not increase over that period.”
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“Our commitment to offering value to our customers can be seen with our 2-year fixed rate at 0.99%, our 5-year fixed rate at 1.99% and now our new 10-year fixed rate at 2.79%.

“Fixing a mortgage now can give homeowners important peace of mind, and the new 10-year products offer the assurance that their mortgage rate won’t change regardless of what else might happen with the economy or what the Bank of England Base Rate does.”