HSBC confirms Mortgage Guarantee Scheme participation
HSBC UK has confirmed its participation in the Mortgage Guarantee Scheme.
The range of products the lender will offer include 2 and 5-year fixes, available to single or joint applicants, with the same rates whether taken out direct or through a broker.
Notable products include a 95% LTV 2-year fix at 3.99%, with a £999 fee, or this offering is available at 4.29% without a fee.
A 95% LTV 5-year fix at 4.29% with a £999 fee has also been introduced, which is assessable at 4.49% without a fee.
Michelle Andrews, head of buying a home at HSBC UK, said: “We have supported home buyers and the wider housing market throughout the pandemic and are excited to support the Mortgage Guarantee Scheme.
“After such a turbulent year it is great that this scheme will make a real difference in enabling first time buyers who didn’t think they would have a chance of getting a mortgage and home movers to get the keys to their new home.”