Unfortunately, this deal is no longer available
HSBC 5 year fix mortgages fee free 1.79% (1.54% £999* fee) 60% LTV
651° Expired

HSBC 5 year fix mortgages fee free 1.79% (1.54% £999* fee) 60% LTV

85
Posted 29th Dec 2019

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

Some great mortgage rate offers 2&3 years even lower rates
*if you are a premier customer fee is £499 only

LTV 60% is if you need a £60k mortgage and your house is worth £100k
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Top comments
bobbyarbogast29/12/2019 08:07

Fee free with a £999 fee!


1.79% fee free
1.54% £999 fee

I thought it was clear enough in the title.
Having looked into buying a House for the first time... it's not worth it anymore. Even ten years ago you could get a lot for your money, but I've seen no evidence of a recession as House prices have rocketed. How they've done it is Share Ownership and Leasehold, it's let them increase prices beyond the average Wage. So now your only option is to have like 40 percent shared ownership... well that isn't a good option as they add on all these other expenses. Not only that but you have to offer the owner of the highest share the ability to but it off you for market value. Well they can artificially ruin the worth of the house with the Service Charge, and I've seen so many horror stories where it becomes so high it destroys the value.

They keep saying we need more housing, but I see no evidence of that. What we need is to cap immigration, and we need to let the housing market crash by banning Shared Ownership and all these other government Help to Buy schemes. We need the house prices to match wages, as there are so many houses for sale, but all the that happens is developers buy them all up and sell them as shared.

On top of that we need to do something about the Rail, just going two towns up is £58 a Day for me... well I cannot move away from my work then as it's too expensive. How are the trains that expensive? What gets me is the Government takes all the risk making HS2 and paying out for the actual Rail.... but the Private companies make all the money and overcharge the government. It's a system that makes no sense...
hugobosslives29/12/2019 10:00

Show him these and ask him what his specific reason is why you cannot get …Show him these and ask him what his specific reason is why you cannot get this. If you have a good credit there should be no reason.It sounds like he doesn't get comission on this one. If so ditch him. Was it a 'free' broker?



because he does not have the 60% LTV
39527128.jpg

I’ll leave this here for the haters
Edited by: "whatyadoinsucka" 29th Dec 2019
85 Comments
39527128.jpg

I’ll leave this here for the haters
Edited by: "whatyadoinsucka" 29th Dec 2019
I wish they would honour mortgages for a properties abroad..
Fee free with a £999 fee!
bobbyarbogast29/12/2019 08:07

Fee free with a £999 fee!


I think it’s two different rates, one is fee free and the other isn’t.
bobbyarbogast29/12/2019 08:07

Fee free with a £999 fee!


1.79% fee free
1.54% £999 fee

I thought it was clear enough in the title.
Alexxx3129/12/2019 07:47

I wish they would honour mortgages for a properties abroad..


You are so right. I am trying to check how this is going to work after brexit as I am looking at an overseas property at the moment.

France is great at the moment. 0.77% no deposit but you need to have a local account with a bank for 5 years and trying to get an account opened at the moment via the HSBC UK arm.
whatyadoinsucka29/12/2019 07:38

[Image] I’ll leave this here for the haters


Do you work for HSBC? I was going to vote until I see you posted that. SMH
Edited by: "Smadmad" 29th Dec 2019
This looks a pretty good deal to me. Shame I’m currently in a fixed deal
First Direct better with only £495 fee
whatyadoinsucka29/12/2019 07:38

[Image] I’ll leave this here for the haters


That’s why you shouldnt let the general public vote... HSBC are crooks
Edited by: "dodgymix" 29th Dec 2019
The first direct no fee 5 year is still slightly better then is it not at 1.64%
I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?
Mela29/12/2019 09:51

I am a first time buyer paying the deposit of 15% of 237k house. I’ve been …I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?


Have you tried a broker? I'm currently in the process of remortgaging.
simplelearning29/12/2019 09:54

Have you tried a broker? I'm currently in the process of remortgaging.


Yes we are going through the mortgage advisor. And he insist that it’s a best deal he can get for us. We have a nice credit rating too.
Mela29/12/2019 09:51

I am a first time buyer paying the deposit of 15% of 237k house. I’ve been …I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?


Unfortunately unless you own 60% of your property you won't get the best interest rate. I'd agree with others and go to a broker, they usually have access to better deals. Because you will only own 15% of your property your mortgage rate will be higher than those owning a larger percentage of the value. Once you remortgage you'll get a better deal (as long as property prices go up or stay the same). Alternatively you could put down a larger percentage of the property's value as a deposit.
Edited by: "Ajmetro" 29th Dec 2019
Mela29/12/2019 09:55

Yes we are going through the mortgage advisor. And he insist that it’s a b …Yes we are going through the mortgage advisor. And he insist that it’s a best deal he can get for us. We have a nice credit rating too.


Show him these and ask him what his specific reason is why you cannot get this. If you have a good credit there should be no reason.

It sounds like he doesn't get comission on this one. If so ditch him. Was it a 'free' broker?
Mela29/12/2019 09:51

I am a first time buyer paying the deposit of 15% of 237k house. I’ve been …I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?



the best deals for mortgages are once you reach 60% LTV which you dont qualify for
hugobosslives29/12/2019 10:00

Show him these and ask him what his specific reason is why you cannot get …Show him these and ask him what his specific reason is why you cannot get this. If you have a good credit there should be no reason.It sounds like he doesn't get comission on this one. If so ditch him. Was it a 'free' broker?



because he does not have the 60% LTV
Mela29/12/2019 09:55

Yes we are going through the mortgage advisor. And he insist that it’s a b …Yes we are going through the mortgage advisor. And he insist that it’s a best deal he can get for us. We have a nice credit rating too.


My income is not great so the best remortgage I can get is 2.04%, but zero fee, free solicitor, free valuation and cashback so in essence saving £2k. 5 year fixed. But then I own my house outright and borrowing £80k (35% LTV) so that's probably why you're getting higher rate.
Mela29/12/2019 09:51

I am a first time buyer paying the deposit of 15% of 237k house. I’ve been …I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?


Just check with your broker what companies they do not search. It's doubtful they will search every single mortgage provider. Then just check yourself that they are not doing a neteer offer. Worked for me last time.
Speak to London & Victoria mortgage brokers
12 months to go on my FT @ 4.99%.. £3500 to come out early.. hope the rates stay low :/
try habito truss le or mojo, all whole of market fee free online brokers have personally used 2 of these and got the best deals available
Having looked into buying a House for the first time... it's not worth it anymore. Even ten years ago you could get a lot for your money, but I've seen no evidence of a recession as House prices have rocketed. How they've done it is Share Ownership and Leasehold, it's let them increase prices beyond the average Wage. So now your only option is to have like 40 percent shared ownership... well that isn't a good option as they add on all these other expenses. Not only that but you have to offer the owner of the highest share the ability to but it off you for market value. Well they can artificially ruin the worth of the house with the Service Charge, and I've seen so many horror stories where it becomes so high it destroys the value.

They keep saying we need more housing, but I see no evidence of that. What we need is to cap immigration, and we need to let the housing market crash by banning Shared Ownership and all these other government Help to Buy schemes. We need the house prices to match wages, as there are so many houses for sale, but all the that happens is developers buy them all up and sell them as shared.

On top of that we need to do something about the Rail, just going two towns up is £58 a Day for me... well I cannot move away from my work then as it's too expensive. How are the trains that expensive? What gets me is the Government takes all the risk making HS2 and paying out for the actual Rail.... but the Private companies make all the money and overcharge the government. It's a system that makes no sense...
Shame my deal doesn’t end until 2021
666bandit66629/12/2019 10:21

Speak to London & Victoria mortgage brokers


Brokers have their own interests at heart, not yours.
whatyadoinsucka29/12/2019 08:24

Have you woken up



Not well enough obviously - it absolutely was clear, my sincere apologies. (I was awake enough to have voted hot anyway as thought it was good even with a fee, just not awake enough to read description properly. My bad).
Mela29/12/2019 09:51

I am a first time buyer paying the deposit of 15% of 237k house. I’ve been …I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?



We are just like you, First timers with 15% deposit for over 250K property. We got our mortgage approved for 1.90% for 5 years fixed with Halifax. We processed through Mortgage Advise Berau, you might need to have a discussion with your advisor or change advisor. Hope this helps.
slannmage29/12/2019 10:42

Having looked into buying a House for the first time... it's not worth it …Having looked into buying a House for the first time... it's not worth it anymore. Even ten years ago you could get a lot for your money, but I've seen no evidence of a recession as House prices have rocketed. How they've done it is Share Ownership and Leasehold, it's let them increase prices beyond the average Wage. So now your only option is to have like 40 percent shared ownership... well that isn't a good option as they add on all these other expenses. Not only that but you have to offer the owner of the highest share the ability to but it off you for market value. Well they can artificially ruin the worth of the house with the Service Charge, and I've seen so many horror stories where it becomes so high it destroys the value.They keep saying we need more housing, but I see no evidence of that. What we need is to cap immigration, and we need to let the housing market crash by banning Shared Ownership and all these other government Help to Buy schemes. We need the house prices to match wages, as there are so many houses for sale, but all the that happens is developers buy them all up and sell them as shared. On top of that we need to do something about the Rail, just going two towns up is £58 a Day for me... well I cannot move away from my work then as it's too expensive. How are the trains that expensive? What gets me is the Government takes all the risk making HS2 and paying out for the actual Rail.... but the Private companies make all the money and overcharge the government. It's a system that makes no sense...


Sounds like you’re best option would be to look for a job further north where housing is cheaper and traffic is less. We bought a 3 bed fixer upper freehold for £110k. Costs me and my wife £470 a month with 10% deposit.
T-80029/12/2019 10:58

We are just like you, First timers with 15% deposit for over 250K …We are just like you, First timers with 15% deposit for over 250K property. We got our mortgage approved for 1.90% for 5 years fixed with Halifax. We processed through Mortgage Advise Berau, you might need to have a discussion with your advisor or change advisor. Hope this helps.



Thankyou so much for the reply. I might have to change my advisor . We got the fixed rate for only 2 years.
T-80029/12/2019 10:58

We are just like you, First timers with 15% deposit for over 250K …We are just like you, First timers with 15% deposit for over 250K property. We got our mortgage approved for 1.90% for 5 years fixed with Halifax. We processed through Mortgage Advise Berau, you might need to have a discussion with your advisor or change advisor. Hope this helps.

thewolf8u29/12/2019 11:10

Sounds like you’re best option would be to look for a job further north w …Sounds like you’re best option would be to look for a job further north where housing is cheaper and traffic is less. We bought a 3 bed fixer upper freehold for £110k. Costs me and my wife £470 a month with 10% deposit.


See here it's 200k for a one bed flat, but I cannot leave my job as l I get paid a really good wage. I can rent really cheap, but there's so many immigrants taking the housing. What happens is they house share, they all pay a couple hundred each, and so they get all the houses. British people wouldn't want to live like that, but they all go back to their countries and live like kings... Just cycling through an endless supply. The ones that have kids here will split up, then the woman gets the rent paid for her by the council.
Mela29/12/2019 09:51

I am a first time buyer paying the deposit of 15% of 237k house. I’ve been …I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?


Strongly advise you to read Martin Lewis' guide for first time buyers. It explains everything in a very understandable way.
slannmage29/12/2019 11:20

See here it's 200k for a one bed flat, but I cannot leave my job as l I …See here it's 200k for a one bed flat, but I cannot leave my job as l I get paid a really good wage. I can rent really cheap, but there's so many immigrants taking the housing. What happens is they house share, they all pay a couple hundred each, and so they get all the houses. British people wouldn't want to live like that, but they all go back to their countries and live like kings... Just cycling through an endless supply. The ones that have kids here will split up, then the woman gets the rent paid for her by the council.


What’s the point in earning good money when you lose it all on rent. Move north! A friend of mine left for Scotland, he bought a 4 bed detached, loads of land, log fire etc.... for £135k.
Mela29/12/2019 09:51

I am a first time buyer paying the deposit of 15% of 237k house. I’ve been …I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?


You couldn't take advantage of such a low rate in your position as you would need a 95k deposit to make the house you're buying 60% LTV. The rate you've been offered is a decent rate for 85% LTV
DanielHolderness29/12/2019 10:40

12 months to go on my FT @ 4.99%.. £3500 to come out early.. hope the …12 months to go on my FT @ 4.99%.. £3500 to come out early.. hope the rates stay low :/


Ouch! How did you get stuck with that? I had fixed a 5 year term at 3.29, which I was glad to see the back off.
Mela29/12/2019 09:51

I am a first time buyer paying the deposit of 15% of 237k house. I’ve been …I am a first time buyer paying the deposit of 15% of 237k house. I’ve been Offered a mortgage of 2.6 from nationwide with the fee. I am so confused and lost . Specially when I am seeing these cheap deal here. Anyone have a little time to help me here please ?


Wish houses at that price existing near me.
arjun31129/12/2019 12:12

Ouch! How did you get stuck with that? I had fixed a 5 year term at 3.29, …Ouch! How did you get stuck with that? I had fixed a 5 year term at 3.29, which I was glad to see the back off.


I know tell me about it. Was a 7 years deal, we was young first time buyers; hindsight is a wonderful thing.. but on the upside we are on the market.. can’t wait to see the back of this trust me
DanielHolderness29/12/2019 12:24

I know tell me about it. Was a 7 years deal, we was young first time …I know tell me about it. Was a 7 years deal, we was young first time buyers; hindsight is a wonderful thing.. but on the upside we are on the market.. can’t wait to see the back of this trust me


I fixed now at 1.89 for 5 years, and see them drop again. Sods law. However, like you, glad we're paying off something that will be ours.

I always wanted to overpay £500 a month, which I'm saving in a separate account and will decide at the end of the year if I need it for anything else, if not, it goes in as an overpayment.

The more I save with rates the higher the overpayment will get.
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