HSBC 80% LTV mortgage 1.99% 5 year fixed + £749
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HSBC 80% LTV mortgage 1.99% 5 year fixed + £749

22
Found 15th Dec 2017
I wanted to share the mortgage deal I found.

  • 80% max LTV
  • 1.99% Apr
  • 5 year fixed
  • £749 upfront if a HSBC advanced customer (£999 if not)

They also do a fee free @ 2.19% if you don't have the money to put upfront.

I'd been looking for an 80% LTV remortgage rate as I'm due for renewal and this was the best I could find.
Obviously not as good as the 60% ones posted recently but of course it wouldn't be.

Hope it helps someone
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One thing to bear in mind on deals which have a fee is that it's often cheaper to take the higher rate and not pay the fee at all. By example if you were to take £150,000 mortgage and not a HSBC customer you would pay £999 on this mortgage. The amount per month would be £557.35. If you took the higher rate of 2.19% and paid £0 fee you would pay £572.81 per month. Over the 5 years at £15.46 extra per month you pay an extra £927.60 interest. Thus it's cheaper to get the 2.19% deal than it is the 1.99% for non HSBC customers. Obviously this depends on how much money you want. a £500,000 mortgage would be cheaper to get the lower rate.

This is usually always the case for mortgages less than about £175,000 and sometimes even much higher amounts dependent on the fee.

Quick and easy way is to use their only calculators and check the monthly amount for fee free, and also the lower interest fee paid versions. If you have a 5 year fixed mortgage you have 60 payments at a set rate, so multiply the difference between the two rates to give you a value. If this is less than the product fee, then you are worse off getting the lower rate.
Edited by: "gary333" 15th Dec 2017
22 Comments
decent deal and worth fixing
We just signed up for this one a couple of weeks ago. Looks like the best around for 80% LTV
Great, thanks
great deal this same product used to only be available with 60% LTV
One thing to bear in mind on deals which have a fee is that it's often cheaper to take the higher rate and not pay the fee at all. By example if you were to take £150,000 mortgage and not a HSBC customer you would pay £999 on this mortgage. The amount per month would be £557.35. If you took the higher rate of 2.19% and paid £0 fee you would pay £572.81 per month. Over the 5 years at £15.46 extra per month you pay an extra £927.60 interest. Thus it's cheaper to get the 2.19% deal than it is the 1.99% for non HSBC customers. Obviously this depends on how much money you want. a £500,000 mortgage would be cheaper to get the lower rate.

This is usually always the case for mortgages less than about £175,000 and sometimes even much higher amounts dependent on the fee.

Quick and easy way is to use their only calculators and check the monthly amount for fee free, and also the lower interest fee paid versions. If you have a 5 year fixed mortgage you have 60 payments at a set rate, so multiply the difference between the two rates to give you a value. If this is less than the product fee, then you are worse off getting the lower rate.
Edited by: "gary333" 15th Dec 2017
Great deal
Currently HSBC are the one with cheaper initial mortgage rates. Heat added
Cheers with HSBC on a tracker which was sitting at 2.19%. I fully expect rates to increase not decrease. Only 7 years left with relatively small amount left. Ideal for me .. called up and swapped over the phone ... cheers for posting...... can always overpay a few pounds a month to reduce term to nearer 6 years ... Their overpayment calculator is excellent
Goldyandgladis11 m ago

Cheers with HSBC on a tracker which was sitting at 2.19%. I fully expect …Cheers with HSBC on a tracker which was sitting at 2.19%. I fully expect rates to increase not decrease. Only 7 years left with relatively small amount left. Ideal for me .. called up and swapped over the phone ... cheers for posting...... can always overpay a few pounds a month to reduce term to nearer 6 years ... Their overpayment calculator is excellent


If you've only got a small amount left, surely there were better rates available for your low LTV?
gary3332 h, 8 m ago

One thing to bear in mind on deals which have a fee is that it's often …One thing to bear in mind on deals which have a fee is that it's often cheaper to take the higher rate and not pay the fee at all. By example if you were to take £150,000 mortgage and not a HSBC customer you would pay £999 on this mortgage. The amount per month would be £557.35. If you took the higher rate of 2.19% and paid £0 fee you would pay £572.81 per month. Over the 5 years at £15.46 extra per month you pay an extra £927.60 interest. Thus it's cheaper to get the 2.19% deal than it is the 1.99% for non HSBC customers. Obviously this depends on how much money you want. a £500,000 mortgage would be cheaper to get the lower rate.This is usually always the case for mortgages less than about £175,000 and sometimes even much higher amounts dependent on the fee.Quick and easy way is to use their only calculators and check the monthly amount for fee free, and also the lower interest fee paid versions. If you have a 5 year fixed mortgage you have 60 payments at a set rate, so multiply the difference between the two rates to give you a value. If this is less than the product fee, then you are worse off getting the lower rate.

Great comment, hopefully everyone is comfortable with the simple maths
Goldyandgladis16 m ago

Cheers with HSBC on a tracker which was sitting at 2.19%. I fully expect …Cheers with HSBC on a tracker which was sitting at 2.19%. I fully expect rates to increase not decrease. Only 7 years left with relatively small amount left. Ideal for me .. called up and swapped over the phone ... cheers for posting...... can always overpay a few pounds a month to reduce term to nearer 6 years ... Their overpayment calculator is excellent


Glad i could help and save you some money
sparxuk7 m ago

If you've only got a small amount left, surely there were better rates …If you've only got a small amount left, surely there were better rates available for your low LTV?


Already with HSBC so no hassle with solicitors surveyors etc . Also not aware of better 5 year fixed out there with no fees ?
Goldyandgladis13 m ago

Already with HSBC so no hassle with solicitors surveyors etc . Also not …Already with HSBC so no hassle with solicitors surveyors etc . Also not aware of better 5 year fixed out there with no fees ?


Quick check shows nationwide and first direct doing something similar 1.99% fixed for 5 years and no fees. Everyone else has about £1000 fees which on a £35000 mortgage doesn't add up. I assume that remortgaging to either of them would incur time effort and potentially solicitor and valuation fees. So for me a current HSBC customer it's a no brainer
gary3332 h, 29 m ago

One thing to bear in mind on deals which have a fee is that it's often …One thing to bear in mind on deals which have a fee is that it's often cheaper to take the higher rate and not pay the fee at all. By example if you were to take £150,000 mortgage and not a HSBC customer you would pay £999 on this mortgage. The amount per month would be £557.35. If you took the higher rate of 2.19% and paid £0 fee you would pay £572.81 per month. Over the 5 years at £15.46 extra per month you pay an extra £927.60 interest. Thus it's cheaper to get the 2.19% deal than it is the 1.99% for non HSBC customers. Obviously this depends on how much money you want. a £500,000 mortgage would be cheaper to get the lower rate.This is usually always the case for mortgages less than about £175,000 and sometimes even much higher amounts dependent on the fee.Quick and easy way is to use their only calculators and check the monthly amount for fee free, and also the lower interest fee paid versions. If you have a 5 year fixed mortgage you have 60 payments at a set rate, so multiply the difference between the two rates to give you a value. If this is less than the product fee, then you are worse off getting the lower rate.


Bear in mind this calculation significantly depends on the total lifetime of your mortgage. If you plan to repay all within 5 years you would benefit much less from the lower rate than if you still have 30 years.
Daywalker0418 m ago

Bear in mind this calculation significantly depends on the total lifetime …Bear in mind this calculation significantly depends on the total lifetime of your mortgage. If you plan to repay all within 5 years you would benefit much less from the lower rate than if you still have 30 years.


The assumption for most people should be that after 5 years they'll move onto a similar plan
Some solicitors refuse to deal with HSBC because of their ridiculous rules and policys
red233 h, 28 m ago

Some solicitors refuse to deal with HSBC because of their ridiculous rules …Some solicitors refuse to deal with HSBC because of their ridiculous rules and policys


find another solicitor
Nad_8412 h, 56 m ago

find another solicitor


easier to find another lender no? kind of difficult when you have done dealings with same one for 10 years
red237 h, 50 m ago

easier to find another lender no? kind of difficult when you have done …easier to find another lender no? kind of difficult when you have done dealings with same one for 10 years


Depends on whether you value the solicitor over the lender i guess
Remember HSBC offers free advice via phone or branch and they tell you if your better not to pay the fee!
mugs, increased their fees to 899. I had submitted my application online but had been waiting for offer when it was £749 fees. I was asked to resubmit application.
gary33315th Dec 2017

One thing to bear in mind on deals which have a fee is that it's often …One thing to bear in mind on deals which have a fee is that it's often cheaper to take the higher rate and not pay the fee at all. By example if you were to take £150,000 mortgage and not a HSBC customer you would pay £999 on this mortgage. The amount per month would be £557.35. If you took the higher rate of 2.19% and paid £0 fee you would pay £572.81 per month. Over the 5 years at £15.46 extra per month you pay an extra £927.60 interest. Thus it's cheaper to get the 2.19% deal than it is the 1.99% for non HSBC customers. Obviously this depends on how much money you want. a £500,000 mortgage would be cheaper to get the lower rate.This is usually always the case for mortgages less than about £175,000 and sometimes even much higher amounts dependent on the fee.Quick and easy way is to use their only calculators and check the monthly amount for fee free, and also the lower interest fee paid versions. If you have a 5 year fixed mortgage you have 60 payments at a set rate, so multiply the difference between the two rates to give you a value. If this is less than the product fee, then you are worse off getting the lower rate.


Every time I've calculated it, the mortgages with fees end up being the same or cheaper, even if re-mortgaging every 2-3 years. But then I'd be borrowing more than £175k.
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