2 year Special Fixed Mortgage 65% LTV @ HSBC 0.99%
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2 year Special Fixed Mortgage 65% LTV @ HSBC 0.99%

16
Found 21st Jun 2016
Awesome 2 year fixed rate mortgage from HSBC
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Do you mean 65% LTV?
interesting one
£1500 is the fees ?? seems like too much
HSBC are renowned for dragging you through their processes and then hiking the interest rate for some BS reason. Be warned.
TeamMCS

HSBC are renowned for dragging you through their processes and then … HSBC are renowned for dragging you through their processes and then hiking the interest rate for some BS reason. Be warned.



It's fixed interest? They can't do that even if they wanted to. Plus, I've never had a problem with HSBC.
I get the feeling that HSBC are highly selective who they lend too, even if you meet the criteria they will insist on giving you gobberish nonsense.
Low rate but only two years means the arrangement fee doesn't make it an option for me, would rather pay a higher rate over a longer term. It costs nowhere near this to 'arrange' a mortgage
indiankid

Do you mean 65% LTV?



​They loan you 65% of the mortgage you put up the rest. So you would need a hefty deposit or maybe good for those re-mortgaging.
often these deals are much better for those with larger mortgages where the saving on the rate make it worth while. I recently went to a no fee Yorkshire building society rate of 1.59% with a similar 65%ltv which worked out much cheaper over the 2yrs than this. I think it's somewhere around 400-500k outstanding mortgage where it becomes cost effective to pay these fees upfront to benefit from the lower rate otherwise just go with a fee free rate if you can get one that's low enough.
YBS were really good for me from application to having the mortgage transfered include a name change on deeds due to changing my family name all got done within 3wks. Plus got to follow it online through there legal team.
What's the true % after factoring in the £1500 fee over 2 years??
madmaxpayne

What's the true % after factoring in the £1500 fee over 2 years??



If you borrow £100K it will be 1.74%
If you borrow £200K it will be 1.365%
If you borrow £300K it will be 1.24%
etc...
satty83

often these deals are much better for those with larger mortgages where … often these deals are much better for those with larger mortgages where the saving on the rate make it worth while. I recently went to a no fee Yorkshire building society rate of 1.59% with a similar 65%ltv which worked out much cheaper over the 2yrs than this. I think it's somewhere around 400-500k outstanding mortgage where it becomes cost effective to pay these fees upfront to benefit from the lower rate otherwise just go with a fee free rate if you can get one that's low enough. YBS were really good for me from application to having the mortgage transfered include a name change on deeds due to changing my family name all got done within 3wks. Plus got to follow it online through there legal team.



​also went with Yorkshire recently and found them great, didn't have to pay any fees and they sorted all the paperwork etc. makes me wonder what the benefits of going to a mortgage advisor are??
I've been given a couple of warnings about HSBC, they apparently use a different process for agreement in principle vs underwriting, so you can get the AIP but still be rejected after finding your dream home.
naomipunkclan

If you borrow £100K it will be 1.74%If you borrow £200K it will be 1 … If you borrow £100K it will be 1.74%If you borrow £200K it will be 1.365%If you borrow £300K it will be 1.24%etc...



Not bad! Might apply then and also borrow some more for loft conversion !!
worth a read if you are considering it

Your text here
walsall123

I get the feeling that HSBC are highly selective who they lend too, even … I get the feeling that HSBC are highly selective who they lend too, even if you meet the criteria they will insist on giving you gobberish nonsense.



Agree. HSBC are cherry pickers. An elitist bank. Won't entertain their foolish headline rates oO
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