5 Year fixed mortgage @ 2.99% with no fees with HSBC
1316°Expired

5 Year fixed mortgage @ 2.99% with no fees with HSBC

221
Found 11th May 2013Made hot 11th May 2013
This seems like a pretty good deal if you have enough equity in your home (60% LTV). 2.99% for 5 years with no setup or booking fees, plus no solicitors or valuation fees.
Looks good or is there anything better out there?

221 Comments

Full details here - mortgages.hsbc.co.uk/pro…ree

Available for FTB, remortgage, movers and existing customers switching. Seems a good deal to me!

Original Poster

aing69

Full details here - … Full details here - https://mortgages.hsbc.co.uk/product/A004032013000000000000000000-5-year-fixed-special-fee-freeAvailable for FTB, remortgage, movers and existing customers switching. Seems a good deal to me!



Thanks, I couldn't find a direct link.

60% LTV!!!!!

so much for the Government constantly telling us lending conditions are easier...

what percentage of FTB would have such a large deposit.... under 0.1% I would wager

Banned

worthy of a few dead mexicans to some

Decent for those with the equity already

Heat Added, shave were still over 70% LTV

2.89% at halifax.

Exactly the same, no fees/60% LTV. But they're also paying stamp duty.

Kingsworth

2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also … 2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also paying stamp duty.



Paying stamp duty oOoOoO I'll believe that when I see it

Not bad, even for HSBC. Over payment fees are the only issue i can see if that is something you were looking to do

Original Poster

Kingsworth

2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also … 2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also paying stamp duty.



Sounds better, but I couldn't find it on their site. Do you have a link?

Banned

is there an interest only option?

I'm fixes in at 8%... Even tried paying the £3500 early repayment charge but there's a clause where you can then only change onto another poor deal of their choice which you have to pay the setup fee off £1000+ aswell... Couldn't believe it, but I checked and it's all right there in the small print!! This is Halifax btw.

don't fix your mortgage interest rate wont going up till 2017.

hsbc give tracker mortgage 2.69 on 60% LTV.

koolish651

don't fix your mortgage interest rate wont going up till 2017.



Nice one....now what are tonights lottery numbers going to be mate ?

Monkeybumcheeks

Nice one....now what are tonights lottery numbers going to be mate ?




i wish i know mate sorry

koolish651

i wish i know mate sorry



Ok, what's the score going to be in the Chelsea match ?

Anyone know of a Mortgages for Dummys deal?! I dont have a clue what you're all talking about.

Kingsworth

2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also … 2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also paying stamp duty.



Can't see that happening, that would be over £7500+ on properties costing £251000+.

scotia2

Anyone know of a Mortgages for Dummys deal?! I dont have a clue what … Anyone know of a Mortgages for Dummys deal?! I dont have a clue what you're all talking about.



They usually go to places like this: quickquid.co.uk/ or other short term loan places.

However if you really are a dummy then best to find an honest Financial Advisor oO

Monkeybumcheeks

Ok, what's the score going to be in the Chelsea match ?



Chelsea are going to lose by 5

scotia2

Anyone know of a Mortgages for Dummys deal?! I dont have a clue what … Anyone know of a Mortgages for Dummys deal?! I dont have a clue what you're all talking about.



I will always find money saving expert great for advice and deals. try here: moneysavingexpert.com/mor…es/

I have a 4.79 fixed for another 2.7 years with hsbc I can change to this new deal for £700 early repayment the new deal

would save me £30 a month for the next 2 years which would repay the £700 early repayment and then ill be on 2.99 for 3 years after that.

worth it?

The Halifax deal where thy pay stamp duty is for FTB only.

I'm tied in to a 5.29% for another 5 years. Penalties of approx £3500 to get out of the deal, with approx £60,000 still to pay. Is it worth switching?

Monkeybumcheeks

Ok, what's the score going to be in the Chelsea match ?



I think it will be 2-1 with Lampard getting the winner.

dude78

I'm tied in to a 5.29% for another 5 years. Penalties of approx £3500 to … I'm tied in to a 5.29% for another 5 years. Penalties of approx £3500 to get out of the deal, with approx £60,000 still to pay. Is it worth switching?



Check it with this....

bbc.co.uk/hom…tml

Thanks Monkey!

dude78

Thanks Monkey!



You're more than welcome dude !

koolish651

don't fix your mortgage interest rate wont going up till 2017.



Oh dear, oh dear. I do wish people who don't have a clue what they're talking about would just keep their nonsense to themselves.

Red Devil

Oh dear, oh dear. I do wish people who don't have a clue what they're … Oh dear, oh dear. I do wish people who don't have a clue what they're talking about would just keep their nonsense to themselves.



I agree, I wish George Osborne would just crawl back under the rock he came from! X)

Red Devil

Oh dear, oh dear. I do wish people who don't have a clue what they're … Oh dear, oh dear. I do wish people who don't have a clue what they're talking about would just keep their nonsense to themselves.



I think it was tounge in cheek mate, but nevertheless everyone is agreed interest rates won't be increasing in the next 2 years minimum. Its easy to say "you can't possibly know", but I can. Mervyn king is not my bitch (nor the new Canadian) however if rates were to rise at all in current economic conditions it would put half the businesses in the UK under overnight, which would put a nasty dent in the chancellors tax revenue.
Edited by: "Tyranicus66" 11th May 2013

GAVINLEWISHUKD

I agree, I wish George Osborne would just crawl back under the rock he … I agree, I wish George Osborne would just crawl back under the rock he came from! X)



Yes because its all his fault. The previous government even left a note at the treasury saying "there is no money". He might be a socially awkward, pasty public school boy but you cannot blame him for everything. If you want to hate him, hate him for tainting the image of star wars recently

Santander are offering the same rate for people with only 70% LTV, there is a £995.00 fee attached, but if you're locked in to a rate over 5% like some are on this thread, it could make sense to move lenders.
Edited by: "Monkeybumcheeks" 11th May 2013

koolish651

don't fix your mortgage interest rate wont going up till 2017.



also, this fixed deal and others are lower than pretty much all standard variable rates anyway.. only chance you'll get lower is if you are on some old tracker which are few and far between nowadays

scruffty

The Halifax deal where thy pay stamp duty is for FTB only.



This is up to a maximum of £2,500 for those purchasing a £250,000 home and will be available until 7 July 2013.

In fairness to the bloke saying that the interest rates won't go up until 2017, he's probably not far off. The economy's completely shafted, millions over-extended on their mortgages and if they do push them up even by a couple of per cent it would annihilate any chance of economic recovery.

The fact that you're getting five year fixed rates at this level at all also show the banks' confidence in the base rate going nowhere for at least that duration.

Kingsworth

2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also … 2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also paying stamp duty.



Where? Could you post a link please?

what % is TCB and Quidco on this ......

Kingsworth

2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also … 2.89% at halifax.Exactly the same, no fees/60% LTV. But they're also paying stamp duty.



Think it's a 2 year fixed rate rather than 5...halifax.co.uk/mor…BHP
The 5 year fix with 0 fees is 3.18%. Although for 0.18%, getting stamp duty paid is pretty good deal!

Good deal, but just be aware that HSBC totally shafted us with our fixed rate mortgage a few years ago... it was meant to be 'portable' (i.e. if we moved house, then we could just take the mortgage with us, providing obviously the house we were buying fitted their lending criteria, and our payment history was trouble-free). Fine - 2 years down the line we sold up as we'd known we would, offered on a virtually identical house 40 miles away, and went to the bank to port the mortgage, only to be told that the lending criteria had changed, and they'd no longer be able to offer us the same 95% mortgage we'd had without any problems on the previous house. So we had to go elsewhere (and were welcomed with open arms by Halifax!), however the twunts at HSBC then continued to charge us the £8k redemption penalty, as though it was our fault that we had exited the mortgage early!!

Not a problem for everyone, but if you're likely to move then get them to cast in stone the conditions regarding portablilty.
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