2.19% + base (currently 0.5%) mortgage. Fee free, no tie ins, no early repayment fees (60% LTV rate) @ HSBC
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2.19% + base (currently 0.5%) mortgage. Fee free, no tie ins, no early repayment fees (60% LTV rate) @ HSBC

66
Found 16th Apr 2013
HSBC currently offer a tracker mortgage at 2.19% above base which has no fees and no tie ins.

Currently working out at as 2.69% which is superb for a fee and tie in free mortgage.

60% LTV rate applies so probably best as a remortgage rather than 1st time buyer.

66 Comments

I swtiched to this last month, after switching to thew 2.29% above base from the month before....great deal if you can get it

To be honest this is on quite a small chunk of our mortgage, thankfully when we moved house they let us port the old mortagge so that is Base + 1% so dont think we will ever be changing that somehow
Edited by: "jouster" 16th Apr 2013

Good deal, although the Lifetime Tracker Special mortgage may be better suited if you have a larger mortgage as although there is a £ 1499 fee the rate reduces to 1.88%+base

I got lifetime tracker (fee free) for base + 1.89% last year and really happy with it-HSBC are good mortgage lenders, if you can get approved!

Nothing to lose with these mortgages as there's no fees at all!

I'm completely new with mortgages. Can I get a loan for deposit?

Sliwka

I'm completely new with mortgages. Can I get a loan for deposit?



So you have no equity whatsoever but want a mortgage? The answer is no. You wouldn't pass the affordability criteria.

Mada06

So you have no equity whatsoever but want a mortgage? The answer is no. … So you have no equity whatsoever but want a mortgage? The answer is no. You wouldn't pass the affordability criteria.



Correct, they will ask your where the funds for the other 40% are coming from - anything apart from cash in the bank is going to be a problem, including cash gifts from parents, family and admirers.

Mortages are a total ripoff at the moment, I feel so sorry for the people desperate to get out of their parents place.

Also last time this lot was in the base rate went up to 16% so I would be very carefull of any deals that say plus "base". One mortage I had back when Thatcher was in rose to 19% !!

Fact of today are you are going to have to buy a cheap home, I suggest anyone who does have to buy at that level is NOT to be new or take up any shared buy+rent scams being offered. Better to buy an old house, look for one in a not too bad area with potental for a development grant.

Thats what we did way back in the stone age about 1980. Paid £12.750 not a great area but got us going, had to put up with mice and a lot of DIY but it was worth it. Sold that one for £32,000 in about 1985.

davelangston

Mortages are a total ripoff at the moment, I feel so sorry for the people … Mortages are a total ripoff at the moment, I feel so sorry for the people desperate to get out of their parents place.Also last time this lot was in the base rate went up to 16% so I would be very carefull of any deals that say plus "base". One mortage I had back when Thatcher was in rose to 19% !!Fact of today are you are going to have to buy a cheap home, I suggest anyone who does have to buy at that level is NOT to be new or take up any shared buy+rent scams being offered. Better to buy an old house, look for one in a not too bad area with potental for a development grant.Thats what we did way back in the stone age about 1980. Paid £12.750 not a great area but got us going, had to put up with mice and a lot of DIY but it was worth it. Sold that one for £32,000 in about 1985.



Its a nightmare out there, we got our first mortgage in 2000 (with HSBC actually).. we really struggled to get our £50k mortgage back and wages havent really risen very much since then ??m fortunately for us our house is now worth 4 times more but if we needed to buy now we simply wouldnt be able to get a mortgage i dont think, dont know how people are affording them to be honest.

2.69 is average for a tracker. No fee's are good, but hsbc are a pain to get a mortgage deal accepted.

can get 5 year fixed for less than 3% albeit some with fee's around the £1000 mark

davelangston

Mortages are a total ripoff at the moment, I feel so sorry for the people … Mortages are a total ripoff at the moment, I feel so sorry for the people desperate to get out of their parents place.Also last time this lot was in the base rate went up to 16% so I would be very carefull of any deals that say plus "base". One mortage I had back when Thatcher was in rose to 19% !!Fact of today are you are going to have to buy a cheap home, I suggest anyone who does have to buy at that level is NOT to be new or take up any shared buy+rent scams being offered. Better to buy an old house, look for one in a not too bad area with potental for a development grant.Thats what we did way back in the stone age about 1980. Paid £12.750 not a great area but got us going, had to put up with mice and a lot of DIY but it was worth it. Sold that one for £32,000 in about 1985.



You have it completely wrong. Its house prices that are a total rip off, we've never had such low base rates for a sustained period of time, with not much chance for increases in the future.

Back 20-30 years ago you had low house prices, combined with high inflation. High inflation isn't so bad when wages are rising aswell (which they are not now), and especially when the amount you borrow isn't so great.

davelangston

Mortages are a total ripoff at the moment, I feel so sorry for the people … Mortages are a total ripoff at the moment, I feel so sorry for the people desperate to get out of their parents place.Also last time this lot was in the base rate went up to 16% so I would be very carefull of any deals that say plus "base". One mortage I had back when Thatcher was in rose to 19% !!Fact of today are you are going to have to buy a cheap home, I suggest anyone who does have to buy at that level is NOT to be new or take up any shared buy+rent scams being offered. Better to buy an old house, look for one in a not too bad area with potental for a development grant.Thats what we did way back in the stone age about 1980. Paid £12.750 not a great area but got us going, had to put up with mice and a lot of DIY but it was worth it. Sold that one for £32,000 in about 1985.



Whats a development grant?

Feel like buying a caravan and becoming a gypsy....

SunshineStacey

Its a nightmare out there, we got our first mortgage in 2000 (with HSBC … Its a nightmare out there, we got our first mortgage in 2000 (with HSBC actually).. we really struggled to get our £50k mortgage back and wages havent really risen very much since then ??m fortunately for us our house is now worth 4 times more but if we needed to buy now we simply wouldnt be able to get a mortgage i dont think, dont know how people are affording them to be honest.



Your house may be worth 4 times as much as you paid for it, but what about if you decide to move up the ladder? the next step up the rung has also increased by 3-4 times, and the step up is much greater than if house prices hadn't boomed. And then you have inflated stamp duty to deal with...

e.g. 3 bed house cost £100,000. 3x increase = £300,000
4 bed house cost £150,000. 3x increase = £450,000

If prices had stayed the same, you'd pay £50k for the next step up. Since prices have tripled, your next step up is £150k. Thats great, isn't it?
Edited by: "gobby88" 16th Apr 2013

scarfy69

2.69 is average for a tracker. No fee's are good, but hsbc are a pain to … 2.69 is average for a tracker. No fee's are good, but hsbc are a pain to get a mortgage deal accepted.can get 5 year fixed for less than 3% albeit some with fee's around the £1000 mark



Fixed are not for all...the main turn-off for me was the fees (which you should add to the rate for 5yrs) and then the SVR, which is almost always a rip-off.

SunshineStacey

Its a nightmare out there, we got our first mortgage in 2000 (with HSBC … Its a nightmare out there, we got our first mortgage in 2000 (with HSBC actually).. we really struggled to get our £50k mortgage back and wages havent really risen very much since then ??m fortunately for us our house is now worth 4 times more but if we needed to buy now we simply wouldnt be able to get a mortgage i dont think, dont know how people are affording them to be honest.



Been thinking the same for years, since before the this Bank problem.

Like you and many others we have benifited from the rise in house prices and we only have a year left to pay at the current base rate - so we were extra lucky there. But in the past we've been ripped off and even no the first endoment we had is set to pay £35k when at the time we took it out it was supposed to pay at least £55k. So we have a £20k short-fall.

Could be worse, at least we didn't do as so many council house buyers we know did - remortage, remortage, remortage till the owed twice the value of their home.

gobby88

Your house may be worth 4 times as much as you paid for it, but what … Your house may be worth 4 times as much as you paid for it, but what about if you decide to move up the ladder? the next step up the rung has also increased by 3-4 times, and the step up is much greater than if house prices hadn't boomed. And then you have inflated stamp duty to deal with...



oh we will never being able to move up the ladder .. wages haven risen but everything else has.

davelangston

Mortages are a total ripoff at the moment, I feel so sorry for the people … Mortages are a total ripoff at the moment, I feel so sorry for the people desperate to get out of their parents place.Also last time this lot was in the base rate went up to 16% so I would be very carefull of any deals that say plus "base". One mortage I had back when Thatcher was in rose to 19% !!Fact of today are you are going to have to buy a cheap home, I suggest anyone who does have to buy at that level is NOT to be new or take up any shared buy+rent scams being offered. Better to buy an old house, look for one in a not too bad area with potental for a development grant.Thats what we did way back in the stone age about 1980. Paid £12.750 not a great area but got us going, had to put up with mice and a lot of DIY but it was worth it. Sold that one for £32,000 in about 1985.




LOL blame everything on Thatcher or "this lot". The government doesn't dictate interest rates any more, labour gave that reponsibilty to the BOE years ago.

As for mortgagaes being a rip-off - get the right deal and they are the best they have been for years providing you can raise the deposit.

davelangston

Been thinking the same for years, since before the this Bank problem.Like … Been thinking the same for years, since before the this Bank problem.Like you and many others we have benifited from the rise in house prices and we only have a year left to pay at the current base rate - so we were extra lucky there. But in the past we've been ripped off and even no the first endoment we had is set to pay £35k when at the time we took it out it was supposed to pay at least £55k. So we have a £20k short-fall.Could be worse, at least we didn't do as so many council house buyers we know did - remortage, remortage, remortage till the owed twice the value of their home.



I know a lot of people who did get on the ladder the same time as us and did that, hard to sympathise when you see people struggling to even get their first home.

Unless you plan on either never having kids, or decide to emigrate to a cheaper country, or you are a real estate tycoon, the average person will never benefit from rising house prices.

You'll always need a roof over your head, just like you'll always need food, water etc as Maslow mentioned.

There are some fantastic mortgage deals out there right now, I am being offered far more than I want to borrow at a very good rate.

SunshineStacey

oh we will never being able to move up the ladder .. wages haven risen … oh we will never being able to move up the ladder .. wages haven risen but everything else has.



Hence why the youth of today are so disenfranchised and so ready to riot and demonstrate at a moments notice.

gobby88

Your house may be worth 4 times as much as you paid for it, but what … Your house may be worth 4 times as much as you paid for it, but what about if you decide to move up the ladder? the next step up the rung has also increased by 3-4 times, and the step up is much greater than if house prices hadn't boomed. And then you have inflated stamp duty to deal with...e.g. 3 bed house cost £100,000. 3x increase = £300,000 4 bed house cost £150,000. 3x increase = £450,000If prices had stayed the same, you'd pay £50k for the next step up. Since prices have tripled, your next step up is £150k. Thats great, isn't it?



Where did you get those numbers from - thin air ? If a 3 bed house was 100k then a 4 bed would no way have been worth 50% more. Probably more like 120k in which case should prices have tripled a 4 bed would now be 360k which is more attainable if your 3 bed was £300k

Nobody has a God given right to climb the ladder (or even buy a house - in "wealthy" Germany far fewer people own property than do in the UK), but if you work and save hard then it is do-able.

I got 2.69% with Britannia not so long ago with 5 year fixed. Much better IMO.

tallpete33

LOL blame everything on Thatcher or "this lot". The government doesn't … LOL blame everything on Thatcher or "this lot". The government doesn't dictate interest rates any more, labour gave that reponsibilty to the BOE years ago. As for mortgagaes being a rip-off - get the right deal and they are the best they have been for years providing you can raise the deposit.



I didn't say the dictate, you seem to have a very nieve view of economics. The Tory goverment's policies have always been and will always be inflationary. They withdraw state support to people and services and promote private sector services. The result is prices go up, that's call inflation and that means interest rate goes up.

tallpete33

Where did you get those numbers from - thin air ? If a 3 bed house was … Where did you get those numbers from - thin air ? If a 3 bed house was 100k then a 4 bed would no way have been worth 50% more. Probably more like 120k in which case should prices have tripled a 4 bed would now be 360k which is more attainable if your 3 bed was £300kNobody has a God given right to climb the ladder (or even buy a house - in "wealthy" Germany far fewer people own property than do in the UK), but if you work and save hard then it is do-able.



In Germany you would be jailed for fleecing people the way our landlords do. It's true more people rent but thats because of the culture, and the control on rents. We have no such controls here be we bloody should have.

tallpete33

Where did you get those numbers from - thin air ? If a 3 bed house was … Where did you get those numbers from - thin air ? If a 3 bed house was 100k then a 4 bed would no way have been worth 50% more. Probably more like 120k in which case should prices have tripled a 4 bed would now be 360k which is more attainable if your 3 bed was £300kNobody has a God given right to climb the ladder (or even buy a house - in "wealthy" Germany far fewer people own property than do in the UK), but if you work and save hard then it is do-able.



You fail to notice the forest and decide to focus on a single tree. Yes the figures were an example, but you (like many many others) don't realise the actual impact of a house price boom.

Using your figures, after house prices have tripled in value, you end up paying £60k to move up to the 4 bed house. Compared with £20k difference had the boom never happened. Thats an extra £40k you'll have to fund, given that wages have been pretty much stagnant over the past decade.

tallpete33

LOL blame everything on Thatcher or "this lot". The government doesn't … LOL blame everything on Thatcher or "this lot". The government doesn't dictate interest rates any more, labour gave that reponsibilty to the BOE years ago. As for mortgagaes being a rip-off - get the right deal and they are the best they have been for years providing you can raise the deposit.


The fact the BoE control the rate is why it is so low, it's one of the few things they got right regarding the banks.
I'm quite certain if this government had control of interest rates it would be far higher.

Do people really believe that the BOE are truly independent from the governement's influences?!

http://upload.wikimedia.org/wikipedia/commons/3/3b/Paris_Tuileries_Garden_Facepalm_statue.jpg

davelangston

I didn't say the dictate, you seem to have a very nieve view of … I didn't say the dictate, you seem to have a very nieve view of economics. The Tory goverment's policies have always been and will always be inflationary. They withdraw state support to people and services and promote private sector services. The result is prices go up, that's call inflation and that means interest rate goes up.



You're the one with the "nieve " view. Have you not noticed how interest rates have been at historic lows for several years even with "this lot" in power ?

The govt are making the necessary cuts to try and remedy the profligacy and failed immigration policy of the previous government. Remember Liam Byrne's "there's no money left" note to his successor...

tallpete33

LOL blame everything on Thatcher or "this lot". The government doesn't … LOL blame everything on Thatcher or "this lot". The government doesn't dictate interest rates any more, labour gave that reponsibilty to the BOE years ago. As for mortgagaes being a rip-off - get the right deal and they are the best they have been for years providing you can raise the deposit.



Do you really believe they dont dictate interest rates lol . Half at least of the people labour put in BOE to vote were on their side lol
Politicians CON, BLAG,USE PROPAGANDA yes and DICTATE BOTH INTEREST RATES and HOUSE PRICES!!!
If you think otherwise you must be a tory politician lmao

gobby88

You fail to notice the forest and decide to focus on a single tree. Yes … You fail to notice the forest and decide to focus on a single tree. Yes the figures were an example, but you (like many many others) don't realise the actual impact of a house price boom.Using your figures, after house prices have tripled in value, you end up paying £60k to move up to the 4 bed house. Compared with £20k difference had the boom never happened. Thats an extra £40k you'll have to fund, given that wages have been pretty much stagnant over the past decade.



You planted that tree....

So you have to pay £60k to buy a bigger house. What do you expect ? You either find the money or stay put.

I'd be more inclined to get a fixed rate given the low base rate at 0.5%. Plenty of fixed rate deals out there at 3% or less if you have the deposit.
Edited by: "nigelpm" 16th Apr 2013

tallpete33

You planted that tree.... So you have to pay £60k to buy a bigger house. … You planted that tree.... So you have to pay £60k to buy a bigger house. What do you expect ? You either find the money or stay put.



So what if house prices had quadrupled or even more? Are you just gonna bend over and take it from behind, and expect others to follow like sheeple?

And if the government decide to make depositors take a haircut on their savings like in Cyprus, again you'll have the same attitude, bend over and...?

House price rises were just another trick from the government's to fool us into thinking the fact that we don't actually make anything in this country isn't a problem. Now it's people like me who are screwed over. My girlfriend and I are both in what we think are very good jobs for 25 year olds (just over average wages) but there is no way in hell we are buying a house for quite some time without money coming from somewhere else. The housing stock simply hasn't grown the way it should have, and the lack of council housing has creating a huge market of renters making buy to let an attractive proposition which has further squeezed those who wish to buy, particularly at the lower end of the market.

Taprobane

House price rises were just another trick from the government's to fool … House price rises were just another trick from the government's to fool us into thinking the fact that we don't actually make anything in this country isn't a problem. Now it's people like me who are screwed over. My girlfriend and I are both in what we think are very good jobs for 25 year olds (just over average wages) but there is no way in hell we are buying a house for quite some time without money coming from somewhere else. The housing stock simply hasn't grown the way it should have, and the lack of council housing has creating a huge market of renters making buy to let an attractive proposition which has further squeezed those who wish to buy, particularly at the lower end of the market.



According to some on here, you either find the deposit money or stay put. And you have no God given right to climb that ladder. And that politicians aren't directly in control of bank rates LOL X)
Edited by: "gobby88" 16th Apr 2013

tallpete33

You're the one with the "nieve " view. Have you not noticed how interest … You're the one with the "nieve " view. Have you not noticed how interest rates have been at historic lows for several years even with "this lot" in power ?The govt are making the necessary cuts to try and remedy the profligacy and failed immigration policy of the previous government. Remember Liam Byrne's "there's no money left" note to his successor...



You are a product on todays media, get yourself out in the real world and do some learning. First fact - We are a rich country very very rich. Second - Immigration ? whats wrong with it ? sure too many people but under 8% of immigrants last 12 months claim any benifit. This tells you those that don't are bring money into the pot NOT out of it as all politions will have you believe. Tories are not dealing with the backlog they are just closing the doors to any new one they can.

I see the price of Tory funerals are not included in austerity £10m for a woman who cost the country £5.5 billion in just one day, then cost the country £15 billion so she could stay in power and go to war over some sheep, £3 billion on the poll tax and £5 billion in street riots. All this while spending the income from the oil we stole from Scotland :-)

We bought in the middle of the rise so our house does have equity in it but not x4. I think at a push it has doubled but we have done alot of work to it.

We need to move up the ladder but cannot afford the extra and like the area, no trouble lovely neighbours. We can extend so gonna look into that. Or even go into the attic.

We have a 2 stroke 3 bedroom house. (3 bed was tiny so knocked it into 1 big ish room). But the next proper size 3 beds with drive 2 bathrooms etc are £30-£40k ontop of what our house is worth. So add that to our mortgage now and we can afford it, but then not have the extra money, so interest rates go back up and we stuffed. Don't really want to over extend myself either.

We are on normal Nationwide base rate so looking at moving as want to get my years down as hate paying my mortgage as it is.

gobby88

So what if house prices had quadrupled or even more? Are you just gonna … So what if house prices had quadrupled or even more? Are you just gonna bend over and take it from behind, and expect others to follow like sheeple?And if the government decide to make depositors take a haircut on their savings like in Cyprus, again you'll have the same attitude, bend over and...?



House prices go up (and down) as the market dictates. WTF can I or anyone do about it ? My house is somewhere I call home and live in so I don't get a hard-on if its value goes up and I don't cry if its value goes down. For the record it's 3 bedroom....

Yeah like we are going to get our accounts raided......jesus X)

nigelpm

I'd be more inclined to get a fixed rate given the low base rate at 0.5%. … I'd be more inclined to get a fixed rate given the low base rate at 0.5%. Plenty of fixed rate deals out there at 3% or less if you have the deposit.



When you add in the fee that suddenly apply to mortages, with no real control on what they are for or why they need to be so high. I don't see any good deals on the market. They either take the money out your hand or out your back pocket. The really should be a law witht he same banks offering the same service but mixed fees depending on what you pick. The process is the same for almost all mortages so fees should be fixed and the same across the board. It's a con simple as that.

tallpete33

House prices go up (and down) as the market dictates. WTF can I or anyone … House prices go up (and down) as the market dictates. WTF can I or anyone do about it ? My house is somewhere I call home and live in so I don't get a hard-on if its value goes up and I don't cry if its value goes down. For the record it's 3 bedroom.... Yeah like we are going to get our accounts raided......jesus X)



Wrong again. Its blatantly obvious that Osborne and co. are desperately trying to keep houses from falling in value via schemes like the 15% guarantee on top of the 5% deposit for all house buyers. You need to stop believing what you read in the Daily Mail or on BBC News too much. The housing market in the UK is not a free market, its being manipulated by those in power for their own gain.

And yes, savings have already been raided through quantitative easing and record low interest rates. You'll start to see more depositor's savings being raided next time Spain, Portugal, Italy or Greece needs bailing out (for the nth time). Its soon to become the norm.

edit: thats the last I'm gonna say about this topic, if you still don't agree thats fine with me. I don't stand to gain or lose if someone has an opposing view.
Edited by: "gobby88" 16th Apr 2013
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