HSBC to cut mortgage rates by 0.25 per cent
HSBC bank has announced that it will reduce it HSBC variable mortgage rate by 0.25 per cent from 6.50 per cent to 6.25 per cent as from the 9th of May 2008.
And don’t forget that HSBC are also offering their rate matcher mortgage. This is a good opportunity if you’re comming to the end of an offer period with a fixed rate mortgage HSBC promise to match your old rate, subject to an initial set up fee if you switch to them. It’s certainly well worth investigating and getting a full quote. The lowest fixed rate HSBC will match is 4.54 per cent and this offer is only open until 18th May 2008. I’ve posted about it here; http://www.thefinancialblog.co.uk/hsbc-offer-new-rate-matcher-mortgage/
Other HSBC Mortgages include;
- 5 Year fixed rate mortgage at 5.39% with a £999 fee
- Lifetime remortgage tracker at 5.48% with a £599 fee
- 2 year discount mortgage at 5.43% (dropping to 5.18% from 9th May) with a fee of £999
- a range of fee free fixed and tracker mortgages
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