HSBC 5 year fixed mortgage at 1.99% (lowest ever) with £1499 fee

18th Apr 2015

1499 is fairly big fee.... just calculate saving first as it may appear to be more expensive option than for example 2.29% + no product fee. especially for smaller mortgages.

Original Poster

18th Apr 2015

I Agree, although 100k and above would still be a saving even on a 2.29% 5 year no fee though and anything more (value) or higher % than 2.29 would be a good saving with this one.

Current cheapest no fee deal for 5 years is 2.49% (Nationwide) so a min £1k saving on this one (£100k)

Edited by: "nictry" 18th Apr 2015

18th Apr 2015

Waiting for Monday ..

http://media.giphy.com/media/DbV0RlRbSWYBG/giphy.gif

p.s. great deal OP

18th Apr 2015

I've tried in the past to get these deals from HSBC and have been turned down . I've never been in any sort of debt and have a decent job . I think if you fit into their strict selection criteria then your onto a winner . I even went into the branch the last time and the lady on reception said ; unless you have a HSBC current account , don't bother applying . Hot for those who can get it .

18th Apr 2015

Last time I tried for a mortgage with HSBC...Halifax offered me 160k, Nationwide 210k and HSBC offered me 47k.

18th Apr 2015

HSBC sucks!
Deal just for chosen ones...

18th Apr 2015

This is a superb deal for people with big borrowing, although the fee will probably mean lots of cold votes.

Half the people on this site wouldn't know an actual deal if it hit them in the face

18th Apr 2015

HSBC are a truly delightful bank, but try not to feel bad about being turned down by them:
scriptonitedaily.com/201…em/

Don't forget about the toxic sub prime debt they packaged up in a nice box with a red bow and sold on just before the financial crash either.

Also when reading the above please bear in mind what ukip say, it's definitely the immigrants causing the financial problems in this country.

Edited by: "androo" 18th Apr 2015

18th Apr 2015

I'm not sure any financial offer is a 'hot deal', how can debt be hot.

No bank is your friend, unless you happen to own it.

18th Apr 2015

Gee_Money
I'm not sure any financial offer is a 'hot deal', how can debt be hot.No … I'm not sure any financial offer is a 'hot deal', how can debt be hot.No bank is your friend, unless you happen to own it.

I don't think this deal or very many others on this site are about making friends

People need mortgages, and for some who want a fixed rate, this is the one of the best deals about at the moment.

18th Apr 2015

HOT.

HSBC must be pretty confident rate's aren't going anywhere anytime soon to offer this.

18th Apr 2015

Good find OP...though I'm new to the world of mortgages and when I see the actual total sum paid for any mortgage from anyone, it makes me sick how much extra they're making...it should be illegal!

Edited by: "jonspurs" 18th Apr 2015

18th Apr 2015

Excellent, amazing deal from HSBC yet again !

18th Apr 2015

Comment

androo
HSBC are a truly delightful bank, but try not to feel bad about being … HSBC are a truly delightful bank, but try not to feel bad about being turned down by them:http://www.scriptonitedaily.com/2015/02/09/the-breaking-hsbc-banking-scandal-reveals-uk-govts-role-as-chief-henchman-of-the-mafia-banking-system/Don't forget about the toxic sub prime debt they packaged up in a nice box with a red bow and sold on just before the financial crash either.Also when reading the above please bear in mind what ukip say, it's definitely the immigrants causing the financial problems in this country.

18th Apr 2015

jb66
Last time I tried for a mortgage with HSBC...Halifax offered me 160k, … Last time I tried for a mortgage with HSBC...Halifax offered me 160k, Nationwide 210k and HSBC offered me 47k.

Which is why hsbc didn't need bailing out by the government. They only lend to people who they see as profitable and a good risk.
I was with hsbc and asked them about how much more they would allow me to borrow when I was looking a a new house. They said they wouldn't lend me what I currently have if I was applying fresh !!!
Went to my local building society and got 4.5x salary, but not as good a rate

Edited by: "gazter" 18th Apr 2015

18th Apr 2015

androo
HSBC are a truly delightful bank, but try not to feel bad about being … HSBC are a truly delightful bank, but try not to feel bad about being turned down by them:http://www.scriptonitedaily.com/2015/02/09/the-breaking-hsbc-banking-scandal-reveals-uk-govts-role-as-chief-henchman-of-the-mafia-banking-system/Don't forget about the toxic sub prime debt they packaged up in a nice box with a red bow and sold on just before the financial crash either.Also when reading the above please bear in mind what ukip say, it's definitely the immigrants causing the financial problems in this country.

They are no morally worse than any other financial institution. Beware of organisations that claim to be morally superior. Such as Northern rock and the Co Op. Northern Rock ranks as probably the most reckless financial institution in British banking history.

Edited by: "gazter" 18th Apr 2015

18th Apr 2015

Comment

Gee_Money
I'm not sure any financial offer is a 'hot deal', how can debt be hot.No … I'm not sure any financial offer is a 'hot deal', how can debt be hot.No bank is your friend, unless you happen to own it.

Seeing as you haven't actually ever posted a deal on this site I have to say you're not really in a position to be judging what is and what is not a deal... Really

18th Apr 2015

Fair point. At least it explains where the corruption starts...at the core of our democracy.

18th Apr 2015

Comment

Rimi
HSBC sucks! Deal just for chosen ones...

I second it.

18th Apr 2015

androo
HSBC are a truly delightful bank, but try not to feel bad about being … HSBC are a truly delightful bank, but try not to feel bad about being turned down by them:http://www.scriptonitedaily.com/2015/02/09/the-breaking-hsbc-banking-scandal-reveals-uk-govts-role-as-chief-henchman-of-the-mafia-banking-system/Don't forget about the toxic sub prime debt they packaged up in a nice box with a red bow and sold on just before the financial crash either.Also when reading the above please bear in mind what ukip say, it's definitely the immigrants causing the financial problems in this country.

how come the immigrants are to blame?why not the banks?

18th Apr 2015

Good rate but the fee is quite high. Voted hot.

Whether this is any good or not will depend on how big the mortgage is.

18th Apr 2015

Excellent. This should help the London/South east property bubble grow and grow until it eventually goes bang!

But dont worry the rest of the country will be made to pay up to solve it again and agian and again.

18th Apr 2015

crazycyp
how come the immigrants are to blame?why not the banks?

Whilst I agree some immigrants are the issue, I also feel now the ukip is imploding due to consistent idiocies of its leader and various other cronies, the defenders have to defend it even more so let him mention ukip, probably does every chance he gets. After all, we are all a bunch of bbc left wingers right? (Although they would have written it as "You should of know all of you is left wing bbc scum". Lol

18th Apr 2015

"You Should of Know...." thats good English, above.

Just fixed mine onto a Lifetime Tracker.

Currently 2.49%

No fees for me (Santander, my current mortgage provider and bank).

This sounds good but your current Mortgage Provider are more lenient with giving you another mortgage (unless you buy a new home)

Edited by: "goldengirlz" 18th Apr 2015

18th Apr 2015

Not sure why so much negativity towards HSBC.

One of the few banks which hasn't had to be rescued.

Have been a customer for 15 years and have 3 mortgages with them, been faultless and always highly competative.

18th Apr 2015

matt20
Not sure why so much negativity towards HSBC.One of the few banks which … Not sure why so much negativity towards HSBC.One of the few banks which hasn't had to be rescued.Have been a customer for 15 years and have 3 mortgages with them, been faultless and always highly competative.

Maybe because it was found guilty and fined for laundering billions of pounds of Mexican drug cartels money. The cartels that kill dozens of people at a time and dump their bodies in wells or pits or just leave them in the streets. ? Nice bank eh ?

18th Apr 2015

crazycyp
how come the immigrants are to blame?why not the banks?

I think androo was being sarcastic, and as he implied the economic problems we have were caused by the property bubble crash of 2007 and the banks were complicit in letting it happen / created the conditions for it.

Edited by: "cheapo" 18th Apr 2015

18th Apr 2015

I hate to break it to everyone looking at androos link it makes out that HSBCs advisors are in the wrong job, well there is a reason hackers end up employed as security analysts and burglars are employed as security experts to high value retail establishments. if you know how the system works you are probably the best person to prevent it happening in the future.

its the way of the world.

HSBC for all its wrong doing didn't directly take a penny of tax payers money in the financial crash to keep operating. they make good investment decisions and weed out those that are a debt risk to the business by having high criteria to obtain each product.

this does not mean having a high salary but it does mean having a good amount of free income each month after essential living costs are met and any other financial obligations. if your close to your monthly income being used on everyday living through lifestyle or other obligations don't bother applying until you have a better financial situation.

also if your on a zero hour contract or think all that overtime money will help, it won't. on zero hours your guaranteed no wage each month and that's how the bank would see it so how would you afford the monthly payment to your mortgage.

if your racking up overtime that's also great but it could be stopped or cut at anytime its not guaranteed. always look at what your actually guaranteed monthly salary is, deduct living costs and be realistic , less any bills or obligations and see what's left

18th Apr 2015

40% minimum deposit makes this out of reach for many

18th Apr 2015

The banks have always ripped off and tricked us for money
That is their purpose and the so called market
They also allow all the other profiteers to function...developers ,cash loans etc
UKIP on the other hand ....conservatives well ..they have a rap sheet ,but not on employment where they have done something I never believed possible and not sure how they did it

18th Apr 2015

aabarcellos
The banks have always ripped off and tricked us for money That is their … The banks have always ripped off and tricked us for money That is their purpose and the so called marketThey also allow all the other profiteers to function...developers ,cash loans etcUKIP on the other hand ....conservatives well ..they have a rap sheet ,but not on employment where they have done something I never believed possible and not sure how they did it

Terrible song, doesn't even rhyme.

18th Apr 2015

HSBC is definately an "old boys' club". I took a mortgage out with them a few years back. They looked into every aspect of my finances before accepting me, it was borderline intrusive. The advisor was keen and guided me on the pitfalls, i.e. not having a current account with them, staying below 60% LTV. But once you're in, everything is a breeze. I recently switch to a 3 year 0.99% fixed rate deal with them. It literally took 5 mins through the online banking portal. Also, their customer service and telephone banking is excellent.

It's pretty straight forward, if you've got equity, cashflow and time to build some credit history with HSBC, you'll get some of the best deals on the market.

Edited by: "ryderage" 18th Apr 2015

18th Apr 2015

Gee_Money
I'm not sure any financial offer is a 'hot deal', how can debt be hot.No … I'm not sure any financial offer is a 'hot deal', how can debt be hot.No bank is your friend, unless you happen to own it.

When 5-year fixed rate ISAs pay more than it costs you to borrow and you can make a profit, then "sort-of" debt can be hot

18th Apr 2015

HSBC are gangster who help tax evaders get away with blatant criminal acts.

This deal is HSBC's desperate attempt to buy back customers, to make up for those who recently left them in disgust.

18th Apr 2015

dewonderful
HSBC are gangster who help tax evaders get away with blatant criminal … HSBC are gangster who help tax evaders get away with blatant criminal acts. This deal is HSBC's desperate attempt to buy back customers, to make up for those who recently left them in disgust.

No this is competition. Large banks can offer good deals to those with a good credit rating which equates to a lower risk of writing off bad debt linked to a low margin product. simples

Edited by: "davewave" 18th Apr 2015

18th Apr 2015

aabarcellos
The banks have always ripped off and tricked us for money That is their … The banks have always ripped off and tricked us for money That is their purpose and the so called marketThey also allow all the other profiteers to function...developers ,cash loans etcUKIP on the other hand ....conservatives well ..they have a rap sheet ,but not on employment where they have done something I never believed possible and not sure how they did it

take it you have never received interest or needed to borrow money?

18th Apr 2015

within my 1st year of my 5 yr mortgage at 3.29%

18th Apr 2015

I got my current HSBC lifetime tracker deal at 0.99% + Base Rate about 5 years ago. The £800 fee has proved its worth, as has the ease of contacting their Helpdesk whenever required. Agree with similar statements RE: having a current account with them seems to make the application process far easier.

18th Apr 2015

the fee is massive, Woolwich had a great rate of 2.2% a bit back with no fee

18th Apr 2015

HSBC is massively corrupt along with the government... youtube.com/wat…mKA

https://pbs.twimg.com/media/B_0Ff-6W8AAuZ2c.jpg

The establishment ruined the guy's life in the video because he did the right thing & blew the whistle on massive corruption. The government protected the HSBC and they have not so far been punished for their massive fraud crimes. David Cameron made Green, a Lord, so they have been rewarded. The HSBC have members on boards in places like the BBC and that's why you hear almost nothing about the scandals - 80% of mainstream media is owned by right-wing billionares, and that's another reason why the general public know nothing about this.

Parliament & the establishment is corrupt to the very core. Time to wake up and rise up.

Edited by: "MadeInBeats" 18th Apr 2015

HSBC 5 year fixed mortgage at 1.99% (lowest ever) with £1499 fee

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