Customers of HSBC are now benefiting from the bank’s lowest ever range of two, five, seven and ten-year fixed rate mortgages.
The products – which were launched yesterday (March 4th) – are available to borrowers with a 40 per cent deposit and come with a £1,999 booking fee.
For the two-year fixed mortgage, consumers will receive a rate of 1.79 per cent, while for the five, seven and ten-year deals this figure is 2.78 per cent, 3.49 per cent and 3.99 per cent respectively.
The bank is also rolling out its cheapest ever two-year discount rate at 60 per cent loan-to-value at 1.75 per cent, which comes with a £1,999 fee, while it is slashing rates on mortgages for customers that have a ten per cent deposit.
Head of mortgages at HSBC Peter Dockar said: “Last year we approved a record £19.5 billion to UK mortgage borrowers and we will continue to support our customers by offering them competitive rates to help fund their property aspirations.”
This comes after the bank’s mortgage lending grew 24 per cent to £16.4 billion in 2012, up from £13.2 billion in 2011.
