HSBC launches lowest ever rates

Sam Cordon

March 4, 2013

The rates include a 5-year fix at 2.78%, a 7-year fix at 3.49% and a 10-year fix at 3.99% all with a booking fee of £1999.

Peter Dockar, HSBC head of mortgages, said: “Last year we approved a record £19.5bn to UK mortgage borrowers and we will continue to support our customers by offering them competitive rates to help fund their property aspirations.”

HSBC is also launching its lowest ever 2-year discount rate at 60% LTV at 1.75% with a £1,999 fee.

In addition the bank is lowering rates on mortgages for customers with a 10% deposit which are fee-free for HSBC current account holders or have a £599 booking fee for non-current account holders.

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