HSBC has today launched a 10-year fixed mortgage at 2.79%, available for purchases and remortgages for up to 70% LTV.
There is no product fee.
It is priced at 2.99% up to 80% LTV.
Overpayments are available up to 10% of the mortgage balance per annum, with free standard valuation fees for both purchases and remortgages and free standard legal fees for remortgages.
In addition the new five-year fixed rate mortgage has the following features:
- Interest rate: 1.99% for mortgages up to 60% LTV
- Product fee: £999 (£749 for Premier and Advance customers)
- Overpayments: Yes, up to 10% of the mortgage balance per annum
- Maximum loan size: £500,00
The two-year fixed rate mortgage has the following features:
- Interest rate: 0.99%
- Product fee: £1,499
- Loan To Value: 65%
- Overpayments: Yes, up to a maximum of 10% of the mortgage balance per annum.
- Maximum loan size: £500,000
Tracie Pearce, HSBC’s head of mortgages in the UK, said: “10 years might seem like a lifetime away, yet our research shows that we like to plan ahead and are currently looking for security. Fixing a mortgage rate for the long term offers customers certainty that their mortgage repayments will not increase over that period.
“Our commitment to offering value to our customers can be seen with our 2 year fixed rate at 0.99%, our five year fixed rate at 1.99% and now our new 10 year fixed rate at 2.79%. Fixing a mortgage now can give homeowners important peace of mind, and the new 10 year products offer the assurance that their mortgage rate won’t change regardless of what else might happen with the economy or what the Bank of England Base Rate does.”
