2 Year Fixed Rate HSBC Mortgage @1.89%, Max LTV 60% £0 Booking fee for All Customers, £250 cashback for HSBC advance customers
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2 Year Fixed Rate HSBC Mortgage @1.89%, Max LTV 60% £0 Booking fee for All Customers, £250 cashback for HSBC advance customers

74
Found 1st Sep 2015
2 Year Fixed Advance Remortgage Special
Max LTV 60%
£0 Booking Fee
£0 legal fee (confirmed over the phone)
£0 valuation fee when it is done electronically
for all as well as HSBC Advance and Premier Customers
For HSBC Advance and Premier Customers only, you will get £250 cashback (see below). So this deal is very good if you are on low amount to borrow, as after 2 years there is not any ERC anymore and you are free to move to another deal.

But for those who do not have, if you qualify you could easily set up a new Advance account and then apply later after passing a qualifying period.

I believe this is the best deal at the moment for 2 years fix rate.
After 2 year it will revert to the HSBC Variable Rate/BTL Variable Rate, currently 3.94%. But you could normally switch it to another offer. HSBC is well known to provide a very good mortgage offer, especially if you are an Advance or Premier customers, so there is always a room to switch to other deal at the end of the fix period.

JUST WANT TO ADD
If you are an HSBC Advance/Premier account holder You will get £250 Cashback + £0 for legal fees. I have got confirmation over the phone about this.

Thanks to Paddywack6918 who bring to my attention on post #61

If you notice some lenders are using various tricks, e.g lower interest rate but you will need to pay valuation fees, legal fees, product/booking fees, etc. For this mortgage it is already confirmed all of these are £0.
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Best deal for 5 year??

Or best deal for 2 year?

With the Chinese recession, I would recommend a 5 year fix rate
ericagradus

Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, … Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, I would recommend a 5 year fix rate


"After 12 year it will revert to the HSBC Variable Rate"...
hey guys, looking for first time buyer rates, 40k deposit, 230k property! any help would be appreciated!
Original Poster
Thistleno1

"After 12 year it will revert to the HSBC Variable Rate"...



Thank for bringing to my attention. Amended now. It is after 2 years ...

Edited by: "pantaiema" 1st Sep 2015
Original Poster
ericagradus

Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, … Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, I would recommend a 5 year fix rate



You will not find 5 years fix with £0 fee at this rate ...
Please read post
You quote a 2 year deal and then say won't beat this 5 year fix
Best 5 year fix with HSBC is 2.39
I'm not sure whether to fix for 5 or 10 years or to stick with my lifetime 2% tracker with nationwide which includes mortgage holidays and unlimited overpayments
vonlance

hey guys, looking for first time buyer rates, 40k deposit, 230k property! … hey guys, looking for first time buyer rates, 40k deposit, 230k property! any help would be appreciated!


Did you try this deal, I don't like HSBC (illegal activities) but it might be worth a go?
HSBC 5 year fixed rate of 2.54%, Advance customers only, 60% LTV, NO fees at all & £250 cashback.
or HSBC 5 year fixed rate of 2.39%, Advance customers only, 60% LTV, £499 booking fee & £250 cashback
They are re-mortgage specials, just started today. I'll have a bit of that!!
geordibbk

Did you try this deal, I don't like HSBC (illegal activities) but it … Did you try this deal, I don't like HSBC (illegal activities) but it might be worth a go?



LTV is 83% can't go for this offer ;/
pantaiema

Amanded. It is after 2 years ...



A man did what?
delusion

A man did what?



oO X)
delusion

A man did what?



A man is dead after 2 years. I think.

Edited by: "Aznar" 1st Sep 2015
Nowhere near the best deal. Norwich and Peterborough have a 2 year fixed @ 1.74% with £30 fees. 65% LTV. I'm assuming you'd remortgage after 2 years again to make this a better deal nandp.co.uk/mor…ge/ They have even lower rates which maybe even more beneficial depending on your mortgage size

Edited by: "crangon" 1st Sep 2015
Original Poster
crangon

Nowhere near the best deal. Norwich and Peterborough have a 2 year fixed … Nowhere near the best deal. Norwich and Peterborough have a 2 year fixed @ 1.74% with £30 fees. 65% LTV. I'm assuming you'd remortgage after 2 years again to make this a better deal http://www.nandp.co.uk/mortgages/full-mortgage-range/



What about valuation and admin fee ?? My personal experience, unless it has been mentioned in the advertisement, there is normally a valuation fee for such a deal. which could be a few hundred pounds.

About this deal HSBC has confirmed in the advertisement on Metro newspaper today. NO VALUATION FEE ....

Also think about the possibility to move to another HSBC mortgage HSBC deal in the future. Traditionally there will be no more valuation fee if switching among other HSBC mortgage deals..

Edited by: "pantaiema" 1st Sep 2015
nandp.co.uk/mor…15/

Some things you need to know:
No product fee
Free valuation
Free legal fees for remortgages (alternatively cashback in some complex cases), or £200 cashback for purchases.
The interest rate reverts to our standard variable rate after two years.
There will be an early repayment charge if you repay in full or if you repay over 10% of the amount originally borrowed (or £10,000 - whichever is lower) per year during the initial rate period.
No self-builds or conversion allowed
New borrowers only
geordibbk

Did you try this deal, I don't like HSBC (illegal activities) but it … Did you try this deal, I don't like HSBC (illegal activities) but it might be worth a go?



The thought a bank would be part of illegal activates I find abhorrent , they should be held in the same high esteem as we hold doctors, policemen etc.
Original Poster

For new customers
Is it accessible to Remortgage customers ???

crangon

http://www.nandp.co.uk/mortgages/types-of-mortgage/fixed-mortgage/2-year-fixed-rate-65ff-12815/Some things you need to know:No product feeFree valuationFree legal fees for remortgages (alternatively cashback in some complex cases), or £200 cashback for purchases.The interest rate reverts to our standard variable rate after two years.There will be an early repayment charge if you repay in full or if you repay over 10% of the amount originally borrowed (or £10,000 - whichever is lower) per year during the initial rate period.No self-builds or conversion allowedNew borrowers only

Banned
Which is better considering the current financial turmoil
2 year fixed or 5 year fixed ?
happydeals

Which is better considering the current financial turmoil2 year fixed or … Which is better considering the current financial turmoil2 year fixed or 5 year fixed ?


5 year fixed even though the interest rate may stay same for another few more months because of China and Greece.
pantaiema

For new customersIs it accessible to Remortgage customers ???



Yes I believe so
vonlance

hey guys, looking for first time buyer rates, 40k deposit, 230k property! … hey guys, looking for first time buyer rates, 40k deposit, 230k property! any help would be appreciated!



Have you had a look at FirstDirect rates? 3.47% on a 5 year fixed with £1450 booking fee.
Just for discussion, is a 10 yr fixed rate at 2.99% with £900 fees and 30% LTV a good deal?
It was with Barclay's last month.

Thanks.
ah_heng

Just for discussion, is a 10 yr fixed rate at 2.99% with £900 fees and … Just for discussion, is a 10 yr fixed rate at 2.99% with £900 fees and 30% LTV a good deal?It was with Barclay's last month.Thanks.


Really depends on the amount you are borrowing, for example if the loan amount is £60k then you would be better with a higher rate with little or zero fee.
TBC15

The thought a bank would be part of illegal activates I find abhorrent , … The thought a bank would be part of illegal activates I find abhorrent , they should be held in the same high esteem as we hold doctors, policemen etc.



I agree that the idea of a bank involved in illegal activities would be bad, but equating a money grabbing banker to a doctor or policeman is madness. There's a reason that the collective term for bankers is a wunch - as in a wunch of bankers ...
vonlance

hey guys, looking for first time buyer rates, 40k deposit, 230k property! … hey guys, looking for first time buyer rates, 40k deposit, 230k property! any help would be appreciated!



At a quick look via my broker deals you could qualify for a 2.35% fixed for 2 years (Coventry BS), Free valuation and zero booking or arrangement fee. The above is subject to affordability like anywhere else.

I am a Mortgage Adviser and in no way advertising but think those who are unsure should seek advise in what is the biggest commitment in life.
djmid34

At a quick look via my broker deals you could qualify for a 2.35% fixed … At a quick look via my broker deals you could qualify for a 2.35% fixed for 2 years (Coventry BS), Free valuation and zero booking or arrangement fee. The above is subject to affordability like anywhere else.I am a Mortgage Adviser and in no way advertising but think those who are unsure should seek advise in what is the biggest commitment in life.



Thanks for the check, i also saw the rate at Coventry. booked an appointment with a Broker so hopefully he can find me an even better deal.

ericagradus

Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, … Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, I would recommend a 5 year fix rate



That makes no sense. If china keep dragging the world stocks down and growth continues to slow then other countries would likely suffer the same fate, meaning job losses and slower growth for places like the UK, USA and Europe. In turn that would mean the BOE, Fed and ECB would technically have to 'simulate' the economies, which has previously involved cutting interest rates and using QE - which would mean you wouldn't want to fix now if you were worried about china.
Just got a 5 year fixed with Santander (60% LTV) 2.24%, 495 fees plus 1% cashback with 123 account. I'd that any good?
jambone

That makes no sense. If china keep dragging the world stocks down and … That makes no sense. If china keep dragging the world stocks down and growth continues to slow then other countries would likely suffer the same fate, meaning job losses and slower growth for places like the UK, USA and Europe. In turn that would mean the BOE, Fed and ECB would technically have to 'simulate' the economies, which has previously involved cutting interest rates and using QE - which would mean you wouldn't want to fix now if you were worried about china.



Agreed, the original comment is flawed. To add to this, whilst it looks likely the FED won't raise in September, BOE might in early 2016 despite the Chinese economy. The only thing that might scuttle it is Europe, yes the volatility is less but we are much more closely link to Europe. This is the gamble. In my opinion, BOE won't raise.
ericagradus

Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, … Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, I would recommend a 5 year fix rate


Why? If there is such thing as a Chinese-induced recession, surely interest rates wouldn't rise for a while...
I don't understand how this is a good deal? Is the 0 fees the main reason? Natwest are offering a 1.59% rate for 2 year fixed deals with £995 fee (free valuations and legals). Comparing the two deals over a 2 year period using MoneySavingExperts calculator and assuming mortgage debt of £200,000 over 25 years:

HSBC:
Monthly Repayment: £837
Mortgage Cost over 2 years: £20,097

Natwest:
Monthly Repayment: £812
Mortgage Cost over 2 years (including fees): £19,494

Savings: £603.

Am I missing something?

Edited by: "Soulistic" 2nd Sep 2015
ericagradus

Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, … Best deal for 5 year??Or best deal for 2 year?With the Chinese recession, I would recommend a 5 year fix rate



I wouldn't recommend taking the advice of someone who thinks that 7% growth is a recession...
I wouldnt ever get a HSBC mortgage again. Did a simple remortgage and it took them over 4 months to do complete all the paperwork - you have to use (and pay) their legal team (Countrywide I believe) and they were awful! If I was buying a house and it took so long, I imagine it could have fallen through. Just my opinion but worth noting if you want to buy a house quickly!
THIS ISNT the best deal
For purchases Accord have a 1.89% two year fix fee free with £250 cashback
plus its based on 65% loan to value

this is based on fee free
there will be instances (higher loan amounts) where paying a fee to get a better rate will work out

if anyone wants any advice send me a pm

Edited by: "goodman1" 2nd Sep 2015
gaz_anthony

Just got a 5 year fixed with Santander (60% LTV) 2.24%, 495 fees plus 1% … Just got a 5 year fixed with Santander (60% LTV) 2.24%, 495 fees plus 1% cashback with 123 account. I'd that any good?


Theres 2.54% 5 year fixed - no fees - it depends on loan sizes as to which deal is best
I have gone for a 5 year fixed with Post Office - agreed with a recent comment about paperwork etc - I never remember it being this bad - even going thru a broker the paperwork has been awful - I'm lucky in that I didnt need to rush it thru and gave myself a 3 month window to get everything sorted.
goodman1

THIS ISNT the best dealFor purchases Accord have a 1.89% two year fix fee … THIS ISNT the best dealFor purchases Accord have a 1.89% two year fix fee free with £250 cashbackplus its based on 65% loan to value this is based on fee freethere will be instances (higher loan amounts) where paying a fee to get a better rate will work outif anyone wants any advice send me a pm




Tried to send you a pm for some basic advice but you dont recieve pms lol
stanic

Tried to send you a pm for some basic advice but you dont recieve pms lol


hi sorry you should be able to pm now
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