24
Feb
Bank introduces new mortgage range
A new range of long-term fixed-rate mortgage products has been
launched by HSBC.
The bank said that it is to introduce two new offerings, a
five-year deal at 3.99 per cent and a ten-year mortgage available
for 4.98 per cent.
Both products will be available at a maximum loan-to-value (LTV) of
60 per cent, with the five-year deal having a booking fee of
£999, while the ten-year mortgage has a £599 fee.
Commenting on the launch, head of mortgages at HSBC Martijn van der
Heijden stated: "The clear feedback we have received from customers
is that they now want to lock into today's historically low
interest rates."
He added that demand for such products is "increasing" as there is
little scope left for more rate cuts.
Yesterday also saw Godiva Mortgages launch a new deal, fixed until
the end of June 2012 at 4.39 per cent.
It comes with a maximum LTV of 75 per cent and fees totalling
£999.
