New HSBC Fixed Rate Mortgage Rates - 2yr @ 1.24% 3yr @ 1.44% 5yr @ 1.79% - HotUKDeals
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New HSBC Fixed Rate Mortgage Rates - 2yr @ 1.24% 3yr @ 1.44% 5yr @ 1.79%

£0.00 @ HSBC
HSBC have just revised their mortgage rates. I'm in the process of switching and this may well change my mind on which product to go for. Current deals I'm considering (60% LTV) with HSBC Advance A… Read More
Yakkity Avatar
2m, 4w agoFound 2 months, 4 weeks ago
HSBC have just revised their mortgage rates. I'm in the process of switching and this may well change my mind on which product to go for.

Current deals I'm considering (60% LTV) with HSBC Advance Account :

2Yr Fixed Advance @ 1.24% (0.05% lower than previous)

3Yr Fixed Advance @ 1.44% (0.25% lower than previous)

5Yr Fixed Advance @ 1.79% (0.2% lower than previous)

A £749 booking fee applies (£999 for non-Advance customers)

Follow the link to find the rate that suits you.

You missed the best one if you are looking for a low mortgage

5Yr Fixed @ 1.96% (0.25% lower than previous)

- whatyadoinsucka

** No Fee. 5Yr Fixed @ 1.96% (0.25% lower than previous). **

- whatyadoinsucka
Deal Tags:
Yakkity Avatar
2m, 4w agoFound 2 months, 4 weeks ago
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Top Comments

(5)
24 Likes
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.

Can't see anything wrong with that. Everyone is trying to adapt and look for what's best for them.

Edited By: ndl on Jan 25, 2017 09:24
18 Likes
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.
13 Likes
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.
If you understood international banking, you'd understand why they are moving SOME staff... They are covering themselves in case the govt make an **** of brexit. This is a multi BILLION pound business... They HAVE to make contingencies, they all do.
9 Likes
HSBC always seem to offer good rates on mortgages. They'll never come up on broker reports since they don't sell via intermediaries (or so I thought, they do now appear on a select few). They also have quite high LTVs, and are extremely picky about the credit worthiness of their customers, you will have to provide lots of info, and probably wait a while for an outcome. The customer service is a bit naff and slow, but IF you can get a mortgage offer confirmed, I'd say go for it as an ex-customer.


Edited By: superpacman1972 on Jan 26, 2017 10:16: error
5 Likes
Coventry appear to be doing a 1.99% five year fix for no fee (well £8 ), which is good for lower amounts (sub £100,000):
http://www.coventrybuildingsociety.co.uk/mortgages/AccountSummary.aspx?socseqno=1&prodCode=FGI91&Company=1


Edited By: lanc1979 on Jan 25, 2017 09:31

All Comments

(133) Jump to unreadPost a comment
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2 Likes #1
Would be hot if fee free.
1 Like #2
Jonnyblock
Would be hot if fee free.

You'll be lucky to get a low interest fee free, as thats what ultimately subsidises it.
18 Likes #3
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.
#4
This is a fantastic rate. I just went ahead with 1.85% over 5 years which I thought was good with £999 fee (Coventry Building Society).
#5
Im looking too and this 5 yr now seems to be the best around beating the Skipton offer. However im looking for a 10 year one and HSBCs is still too high (although not as high as the 10 year one im currently on :( )
24 Likes #6
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.

Can't see anything wrong with that. Everyone is trying to adapt and look for what's best for them.

Edited By: ndl on Jan 25, 2017 09:24
5 Likes #7
Coventry appear to be doing a 1.99% five year fix for no fee (well £8 ), which is good for lower amounts (sub £100,000):
http://www.coventrybuildingsociety.co.uk/mortgages/AccountSummary.aspx?socseqno=1&prodCode=FGI91&Company=1


Edited By: lanc1979 on Jan 25, 2017 09:31
13 Likes #8
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.
If you understood international banking, you'd understand why they are moving SOME staff... They are covering themselves in case the govt make an **** of brexit. This is a multi BILLION pound business... They HAVE to make contingencies, they all do.
9 Likes #9
HSBC always seem to offer good rates on mortgages. They'll never come up on broker reports since they don't sell via intermediaries (or so I thought, they do now appear on a select few). They also have quite high LTVs, and are extremely picky about the credit worthiness of their customers, you will have to provide lots of info, and probably wait a while for an outcome. The customer service is a bit naff and slow, but IF you can get a mortgage offer confirmed, I'd say go for it as an ex-customer.


Edited By: superpacman1972 on Jan 26, 2017 10:16: error
2 Likes #10
netsurfer
Jonnyblock
Would be hot if fee free.

You'll be lucky to get a low interest fee free, as thats what ultimately subsidises it.

Yeah, not the tens of thousands of pounds in interest over 20 to 30 years.
Poor banks.
3 Likes #11
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.
its, not it's.
2 Likes #12
superpacman1972
HSBC always seem to offer good rates on mortgages. They'll never come up on broker reports since they don't sell via intermediaries. They also have quite high LTVs, and are extremely picky about the credit worthiness of their customers, you will have to provide lots of info, and probably wait a while for an outcome. The customer service is a bit naff and slow, but IF you can get a mortgage offer confirmed, I'd say go for it as an ex-customer.
I second this, always have some of the best if not the best rates on the market but very strict affordability criteria. If you've got a good credit rating and aren't trying to borrow in the upper echelons of your affordability then definitely consider them. I found that if you're a current current account customer then the DIP and final approval is instant online? I haven't gone with them for my latest mortgage so may have changed.
1 Like #13
they have a fee free 10 year at 2.99
for up to 60 loan value.

Edited By: heavymetal12345 on Jan 25, 2017 11:03: change
2 Likes #14
tighty
Im looking too and this 5 yr now seems to be the best around beating the Skipton offer. However im looking for a 10 year one and HSBCs is still too high (although not as high as the 10 year one im currently on :( )


when you say too high 2.99% is still good in the long term game.
it's not that long ago rates were 5 or 6
and not that long before that 10 plus !!

I know history shouldn't be used. But
just how long can the rates stay this low.

low rates are becoming normal. but will this be true forever ?

just something to think about.
( disclaimer not financial advise
2 Likes #15
They do do fee free mortgages. 2yr @ 1.64% for example for a 60% jobbie. They also do them for 3 year deals and 5 year deals.
#16
Anyone tried to get even a remotely accurate figure on their lending calculator? Have been able to get it as high as 6x salary, but their help line states 4.5x is max for only minority of customers.
4 Likes #17
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.

Few people use high street bank branches though, they all bank online: for most people getting a cheque is a pain in the bum as it means a visit to the branch. You expect a business to run efficiently don't you? Its not like it is a charity. Tough on the staff though, I sympathise with them. "a tantrum over Brexit" - I think you are the one having a tantrum, the banks are concerned that some of their European business, and especially the Euro related business, wont be possible in Britain when it is completely out of the EU. They are simply planning ahead. Why wouldn't they?
#18
Anyone know what who is offering the max multiples of salary for Morgages (Most do 3x or 4x) thats nowhere near enough to buy a house if you are on an average salary and the sole earner!
1 Like #19
netsurfer
Jonnyblock
Would be hot if fee free.
You'll be lucky to get a low interest fee free, as thats what ultimately subsidises it.

Yeah what do that have to worry about. Brexit means Brexit
2 Likes #20
all of the banks clearly expect the economy to do badly with zero growth or recession to come even in the climate of rising inflation and potential rise of base rate.
1 Like #21
wong_go_wild
all of the banks clearly expect the economy to do badly with zero growth or recession to come even in the climate of rising inflation and potential rise of base rate.

Base rates may have to rise to combat imported inflation due to the post brexit collapse in sterling
1 Like #22
tmohammad
Anyone know what who is offering the max multiples of salary for Morgages (Most do 3x or 4x) thats nowhere near enough to buy a house if you are on an average salary and the sole earner!

Depends where you live, but thats enough in many parts of the country for a small house or a flat. But its not a good idea to borrow more than you could afford if interest rates returned to somewhere near their historic average, thats why 3x or 4x is all most will do.
#23
tmohammad
Anyone know what who is offering the max multiples of salary for Morgages (Most do 3x or 4x) thats nowhere near enough to buy a house if you are on an average salary and the sole earner!

Based solely on what you just said, it sounds to me like you're asking for a recipe for disaster.

M_zs advice is very sound.
#24
M_z
tmohammad
Anyone know what who is offering the max multiples of salary for Morgages (Most do 3x or 4x) thats nowhere near enough to buy a house if you are on an average salary and the sole earner!
Depends where you live, but thats enough in many parts of the country for a small house or a flat. But its not a good idea to borrow more than you could afford if interest rates returned to somewhere near their historic average, thats why 3x or 4x is all most will do.
really? I borrowed closer to 5x and with the mortgage repayment at current rates far cheaper than renting.
#25
badasschris
M_z
tmohammad
Anyone know what who is offering the max multiples of salary for Morgages (Most do 3x or 4x) thats nowhere near enough to buy a house if you are on an average salary and the sole earner!
Depends where you live, but thats enough in many parts of the country for a small house or a flat. But its not a good idea to borrow more than you could afford if interest rates returned to somewhere near their historic average, thats why 3x or 4x is all most will do.
really? I borrowed closer to 5x and with the mortgage repayment at current rates far cheaper than renting.
"mortgage repayment at current rates " which is exactly the point.
1 Like #26
wong_go_wild
all of the banks clearly expect the economy to do badly with zero growth or recession to come even in the climate of rising inflation and potential rise of base rate.

That will never happen as feckless people blamed the banks for lending them too much in the last boom.
1 Like #27
Renewal up in May, currently with Nationwide. They can give me a 5yr deal at 1.99% with 60% LTV, No Fee and £250 Cashback! Winner winner. Stick with the Building Societies!
#28
Renewal up in May, currently with Nationwide. They can give me a 5yr deal at 1.99% with 60% LTV, No Fee and £250 Cashback! Winner winner. Stick with the Building Societies!
1 Like #29
M_z
badasschris
M_z
tmohammad
Anyone know what who is offering the max multiples of salary for Morgages (Most do 3x or 4x) thats nowhere near enough to buy a house if you are on an average salary and the sole earner!
Depends where you live, but thats enough in many parts of the country for a small house or a flat. But its not a good idea to borrow more than you could afford if interest rates returned to somewhere near their historic average, thats why 3x or 4x is all most will do.
really? I borrowed closer to 5x and with the mortgage repayment at current rates far cheaper than renting.
"mortgage repayment at current rates " which is exactly the point.
Exactly, and if house prices drop 10% then that quickly wipes out any 'savings'. Ah no, wait. House prices can only go up
#30
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.


learn hw banking works u Wil do the same if u losing billions.
#31
Banks tend to lend on affordability rather than a multiple. Someone could be taking home £3k after tax but have loans, car hire agreements, child maintenance etc to pay.

My experience having gone through this process this week is that I was scrutinised far more this time around than I was 3 years ago.
#32
Daywalker04
M_z
badasschris
M_z
tmohammad
Anyone know what who is offering the max multiples of salary for Morgages (Most do 3x or 4x) thats nowhere near enough to buy a house if you are on an average salary and the sole earner!
Depends where you live, but thats enough in many parts of the country for a small house or a flat. But its not a good idea to borrow more than you could afford if interest rates returned to somewhere near their historic average, thats why 3x or 4x is all most will do.
really? I borrowed closer to 5x and with the mortgage repayment at current rates far cheaper than renting.
"mortgage repayment at current rates " which is exactly the point.
Exactly, and if house prices drop 10% then that quickly wipes out any 'savings'. Ah no, wait. House prices can only go up
Not only that, but renting is probably cheaper than a mortgage if rates go to >3%, at least in London!
.
For example: a London 3 bedroom flat costs around 750k£, but rent is at most ~30k£. So rent is roughly 4% of the value of the property. The alternative, buy-and-pay-interest costs upkeep (at least 1% p.a.) and interest (1.x% now, but 3% possible). And that doesn't factor in that the value of the property will go down as interest rates go up.

On the other hand, I have little hope that politicians will ever allow house prices to come down.
2 Likes #33
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.
You understand that the UK financial industry relies heavily on passporting and other EU member only stuff right?
More so for a bank to operate they need stability.

May publicly announced she won't allow freedom of movement which is an integral part of the EU so hard brexit only.
That means maximum uncertainly and massive hits to profits if they don't move at least the passporting chunk into the EU.

It's like if there was a big forecast for blizzards the whole month of December and your annoyed a old person is buying a winter coat, stocking up on food and looking into going on holiday for a good chunk of the month.
#34
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.


They aren't moving any operations overseas other than around 100 investment bankers. They've just spent tens of millions on a new UK headquarters in Birmingham, which has yet to fully open.
1 Like #35
M_z
badasschris
M_z
tmohammad
Anyone know what who is offering the max multiples of salary for Morgages (Most do 3x or 4x) thats nowhere near enough to buy a house if you are on an average salary and the sole earner!
Depends where you live, but thats enough in many parts of the country for a small house or a flat. But its not a good idea to borrow more than you could afford if interest rates returned to somewhere near their historic average, thats why 3x or 4x is all most will do.
really? I borrowed closer to 5x and with the mortgage repayment at current rates far cheaper than renting.
"mortgage repayment at current rates " which is exactly the point.
for me it would have to got to 7% before it approached rental rates and if that happened I highly doubt rent prices wont increase. Its a fact houses are stupidly priced but what is the advice? never buy? There is a risk but even at 10% I could still afford the mortgage so I don't see the problem borrowing 5x (or more) if it makes financial sense
#36
ddude05
Renewal up in May, currently with Nationwide. They can give me a 5yr deal at 1.99% with 60% LTV, No Fee and £250 Cashback! Winner winner. Stick with the Building Societies!
Depends how much you are borrowing and for how long? Always do a comparison to avoid paying more in the long term ;)

http://www.moneysavingexpert.com/mortgages/compare-mortgage-rates
1 Like #37
Master G
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.
its, not it's.


Great input there, mate
#38
Not sure whether to fix for 2 or 5 years. 2 years is cheaper... so I should go for that, right?
5 Likes #39
thecatsasterix
coming from a company that is slaughtering it's high Street banks and threatening to move it's operations overseas in a tantrum over Brexit, I would not on principle.

On the plus side though, we now have an extra £350 Million to spend on the NHS every week. Oh, wait...

The economic impacts were put forward by the remain camp and 'rubbished' as scaremongering. It's too late to complain now. Business is business, they will protect their interests and they said as much before the vote. Dont blame HSBC, blame the 51% that voted for this
#40
I have just recently re-mortgaged with HSBC what a palaver their online application is dreadful. had to phone them in the end. They lost our bank statements and had to re-send them. We went into the branch who then proceeded to fill in the application but they were unaware that because we had started it online they couldn't finish it in branch!! We had 3 lots of compensation for all the muck ups that they did, apparently because of the volume of applications their system cant cope. Rates very good if you can get them.

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