Unfortunately, this deal is no longer available
1.69% 5 year fixed fee saver mortgage LTV 60% at HSBC
1214° Expired

1.69% 5 year fixed fee saver mortgage LTV 60% at HSBC

82
Posted 16th Feb

This deal is expired. Here are some options that might interest you:

Looks like HSBC have cut there 5 year fixed rate to 1.69% if you have a ltv of 60%. There are no booking fees or admin fees with this deal. Please be gentle as I thought this was a good rate fixed for 5 years with no fees.

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How to compare mortgages
To calculate the total cost of a mortgage deal. You can do this by adding together the total monthly payments over the fixed period (5 x 12 = 60 payments in this
case) then adding any product fee minus any cashback.

LTVs
LTV stands for loan-to-value and is the percentage of the property’s value you want to
borrow. So if a property is worth £100,000 and you need to borrow £60,000, your
LTV is 60%; if you need to borrow £90,000, your LTV would be 90%. All other things being equal, the lower your LTV, the better the mortgage rates you’ll be offered.
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Top comments
Grandi198916/02/2020 17:46

Pretty good rate to be fair, there are better out their though.

awaits your post..
Excellent deal. I'm cursing at having fixed my 5 year HSBC at 2.2% a year back
4u2nV198316/02/2020 18:36

This is ok but not the best around ATM, I’ve just gone 1.54% 5 yr fixed w …This is ok but not the best around ATM, I’ve just gone 1.54% 5 yr fixed with Nationwide LTV 60% there is however a product fee of £999 worth checking else where though for sure[Image]


This is better.

Let's use £100k as an example - that NW product is £349/m x 60 months = £20,940 + £999 = £21,939. The HSBC product is £354/m, x60 is £21,240. So £700 cheaper.
First Direct have a fee free 5-year fixed rate for 1.64%
Part of HSBC, so will have the same lending criteria/checks
82 Comments
Excellent deal. I'm cursing at having fixed my 5 year HSBC at 2.2% a year back
Pretty good rate to be fair, there are better out their though.
Grandi198916/02/2020 17:46

Pretty good rate to be fair, there are better out their though.

awaits your post..
First Direct have a fee free 5-year fixed rate for 1.64%
Part of HSBC, so will have the same lending criteria/checks
Avatar
deleted2444191
jsw7216/02/2020 17:40

Excellent deal. I'm cursing at having fixed my 5 year HSBC at 2.2% a year …Excellent deal. I'm cursing at having fixed my 5 year HSBC at 2.2% a year back


hah I paid Bank of Ireland 3.4% for 5 years. Just signed up to 1.35% with First Direct but 2 years. not fixing for 5 again.
SamDude16/02/2020 17:54

First Direct have a fee free 5-year fixed rate for 1.64%Part of HSBC, so …First Direct have a fee free 5-year fixed rate for 1.64%Part of HSBC, so will have the same lending criteria/checks


No fees?
SamDude16/02/2020 17:54

First Direct have a fee free 5-year fixed rate for 1.64%Part of HSBC, so …First Direct have a fee free 5-year fixed rate for 1.64%Part of HSBC, so will have the same lending criteria/checks



It would seem you are correct, i was with hsbc already so it was less hassle for me.
liverman16/02/2020 18:07

It would seem you are correct, i was with hsbc already so it was less …It would seem you are correct, i was with hsbc already so it was less hassle for me.


I was with HSBC on a 2.24% tracker. All the work was on their side, so I moved to FD
SamDude16/02/2020 18:08

I was with HSBC on a 2.24% tracker. All the work was on their side, so I …I was with HSBC on a 2.24% tracker. All the work was on their side, so I moved to FD



so hsbc offered you a fd rate or did you have to remortgage fully to fd
liverman16/02/2020 18:14

so hsbc offered you a fd rate or did you have to remortgage fully to fd


I remortgaged fully to FD. It took about 3 weeks and that was over the Christmas/New Year period.
SamDude16/02/2020 18:17

I remortgaged fully to FD. It took about 3 weeks and that was over the …I remortgaged fully to FD. It took about 3 weeks and that was over the Christmas/New Year period.


cheers I just did some sums, and theres pennies in it really a month for the amount I remortgaged but thanks for the replys,
liverman16/02/2020 18:07

It would seem you are correct, i was with hsbc already so it was less …It would seem you are correct, i was with hsbc already so it was less hassle for me.


Is it easy enough for existing mortgage customers? Just want to phone up and say switch it to this
nseaman16/02/2020 18:26

Is it easy enough for existing mortgage customers? Just want to phone up …Is it easy enough for existing mortgage customers? Just want to phone up and say switch it to this


If you're not already in a fixed term, then yes
This is ok but not the best around ATM, I’ve just gone 1.54% 5 yr fixed with Nationwide LTV 60% there is however a product fee of £999 worth checking else where though for sure


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Edited by: "4u2nV1983" 16th Feb
Very good deal indeed
4u2nV198316/02/2020 18:36

This is ok but not the best around ATM, I’ve just gone 1.54% 5 yr fixed w …This is ok but not the best around ATM, I’ve just gone 1.54% 5 yr fixed with Nationwide LTV 60% there is however a product fee of £999 worth checking else where though for sure[Image]


This is better.

Let's use £100k as an example - that NW product is £349/m x 60 months = £20,940 + £999 = £21,939. The HSBC product is £354/m, x60 is £21,240. So £700 cheaper.
plebbygiraffe16/02/2020 19:03

This is better.Let's use £100k as an example - that NW product is £349/m x …This is better.Let's use £100k as an example - that NW product is £349/m x 60 months = £20,940 + £999 = £21,939. The HSBC product is £354/m, x60 is £21,240. So £700 cheaper.


It's only better on a case by case basis, depends how much you are borrowing.

At higher borrowing levels the fee option starts to make more sense.
LordHippos16/02/2020 19:10

It's only better on a case by case basis, depends how much you are …It's only better on a case by case basis, depends how much you are borrowing.At higher borrowing levels the fee option starts to make more sense.


You also get £500 cash back with NW when moving lender.
Grandi198916/02/2020 17:46

Pretty good rate to be fair, there are better out their though.


Sitting on the edge of my seat.
plebbygiraffe16/02/2020 19:03

This is better.Let's use £100k as an example - that NW product is £349/m x …This is better.Let's use £100k as an example - that NW product is £349/m x 60 months = £20,940 + £999 = £21,939. The HSBC product is £354/m, x60 is £21,240. So £700 cheaper.


Is this still better if it was 200K? Thanks
Only one year to go on my fixed rate then I’ll be hoping for a deal like this!
Currently on 2 point something, and I’m well below 60% LTV
jsw7216/02/2020 17:40

Excellent deal. I'm cursing at having fixed my 5 year HSBC at 2.2% a year …Excellent deal. I'm cursing at having fixed my 5 year HSBC at 2.2% a year back


Did exactly the same thing.
I spoke to some people in the corporate debt financing markets and they expect a base rate cut this year. Worth bearing in mind.
I see HSBC, Santander and NatWest all with products at 1.4x% albeit with a fee.

I guess this product would only suit those with a low-ish mortgage (so as to avoid fees) as it’s far from market leading.
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75% LTV
Avatar
deleted2444191
matthew8016/02/2020 19:49

I spoke to some people in the corporate debt financing markets and they …I spoke to some people in the corporate debt financing markets and they expect a base rate cut this year. Worth bearing in mind.


and all the papers said we could expect a rate cut in Jan. Didn't happen. And it was 9.5 out of 10 people all promising rate cuts, still never materialised. I wouldn't hang about for better rates personally. Might happen, might not. Best to fix at whatever is good at the time but yeah that's why im fixing for 2 years not 5. Who knows what will happen post- B word next year.
Always go for the lowest rate with no fee.
Never get a mortgage of halifax they did me over 2.29% fixxed for 3 years
jsw7216/02/2020 17:40

Excellent deal. I'm cursing at having fixed my 5 year HSBC at 2.2% a year …Excellent deal. I'm cursing at having fixed my 5 year HSBC at 2.2% a year back


Sometimes it's worthwhile paying to come out of your deal
Jonnyblock16/02/2020 20:36

Always go for the lowest rate with no fee.


It's worth paying a fee generally if you have a mortgage over 150k
Jonnyblock16/02/2020 20:36

Always go for the lowest rate with no fee.


Wrong. If a lower rate but paying a fee saves more in interest than the cost of the fee then it's worth taking up, if it doesn't then it isn't. This all depends on how much you borrow, what the rates are and how long you fix for.
deleted244419116/02/2020 20:04

and all the papers said we could expect a rate cut in Jan. Didn't happen. …and all the papers said we could expect a rate cut in Jan. Didn't happen. And it was 9.5 out of 10 people all promising rate cuts, still never materialised. I wouldn't hang about for better rates personally. Might happen, might not. Best to fix at whatever is good at the time but yeah that's why im fixing for 2 years not 5. Who knows what will happen post- B word next year.


I'm not necessarily saying wait it out. But some may be prepared to take the financial risk on a tracker mortgage. Inflation is pretty low at the moment. I have gambled but I'm a notoriously bad gambler....
matthew8016/02/2020 19:49

I spoke to some people in the corporate debt financing markets and they …I spoke to some people in the corporate debt financing markets and they expect a base rate cut this year. Worth bearing in mind.


Most lifetime hsbc trackers if your on one like I am are 2% above the base rate...so if they cut the base rate from 0.75 to Zero (very unlikely usually 0.25% initially) this fixed deal of 1.69% is still a better rate and more secure.
This was 1.74% two days ago.. .great deal now if you have a good LTV
LordHippos16/02/2020 19:10

It's only better on a case by case basis, depends how much you are …It's only better on a case by case basis, depends how much you are borrowing.At higher borrowing levels the fee option starts to make more sense.


That's right.

Though in these two examples you have to be borrowing £400k for the Nationwide to end up cheaper. That's a lot, especially on a 60% LTV product.
Looking to buy my first house soon, hight street mortgages better or a mortgage broker?

I dont really understand the differences...any one had experience with either?
Thanks
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