2 Year Fixed Rate Mortgage with HSBC @ 1.19% from 2 Feb, £1499 Fee
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2 Year Fixed Rate Mortgage with HSBC @ 1.19% from 2 Feb, £1499 Fee

8
Found 31st Jan 2015
Fixed rate mortgages are set to move closer to just 1 per cent as HSBC prepares to launch a record low two- year deal from 2 February.

The lender will unveil a two-year fixed rate at 1.19 per cent for those with a big 40 per cent deposit.

But there is also a hefty £1,499 fee which means you need to compare this with other higher rates that come with lower fees.

8 Comments

Original Poster

If nothing else at least the rates are moving in the right direction. But lets see how much cold this deal can get..;)

Not a bad deal if it fits your circumstances. You have to have a reasonable size mortgage and I guess it will be for a 60/65% LTV. If the maths work out this 2 year fixed could be followed on by a good 5 year fixed.

Probably wont get hot as many here wont be eligible (LTV) or are put off by the fee as their mortgage is established and the maths just doesn't add up.

heat. good for the right client. most cold votes will just be because its not a 24 pack of monster munch for 50p.

Good deal

how can this be a good deal, £1499 in fees over 2 years adds £62.46 to your monthly amount?

That greedy fee kills this as a viable deal.

do HSBC not have very strict lending criteria and a requirement of minimum £50k salary?

ran123ran

do HSBC not have very strict lending criteria and a requirement of … do HSBC not have very strict lending criteria and a requirement of minimum £50k salary?



They are stricter than some other banks but the minimum £50k salary only applies to interest only mortgages.
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