HSBC today launches a new tracker mortgage rate in response to demand from customers with more than 50% equity in their homes.
The new fee-free lifetime tracker rate, available from Friday 31st May, is available to HSBC current account customers with a 50% deposit or equity. The rate tracks base rate plus 1.99%, currently 2.49%.
In addition, HSBC continues to offer competitive rates across all LTV bands including:
60% LTV:
– 1.75% 2 year discount – £1999 fee
– 1.89% 2 year fixed – £1999 fee
– 2.28% lifetime tracker – £1999 fee
– 2.49% 5-year fixed – £1,999 fee
– 2.59% 2-year fixed – fee free
– 2.69% lifetime tracker – fee free
90% LTV:
– 3.64% 2-year fixed – £999 fee
– 3.74% 2-year discount – £999 fee
– 4.39% 5-year fixed – £999 fee
– 4.39% lifetime tracker – £899 fee
Peter Dockar, HSBC Head of Mortgages, said:
“We are committed to offering our customers competitive rates, including those with smaller deposits. The fee-free 50% LTV rate is in response to demand from our customers; more than half of those taking a 60% LTV product have more than 50% equity in their homes.”
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