Unfortunately, this deal is no longer valid
HSBC mortgage - 1.89% 5 year Fixed rate (75% LTV) - Fee £999
1079° Expired

HSBC mortgage - 1.89% 5 year Fixed rate (75% LTV) - Fee £999

77
Posted 4th Jun

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

Booking fee - £999 (can be added to the Mortgage)
Bank transfer fee - £30
Legal fees - £0
Valuation fee - £0

Annual over payment allowance - 10%

Early Repayment Charges:

Period Percentage
Up to 31/7/2020 5%
Up to 31/7/2021 4%
Up to 31/7/2022 3%
Up to 31/7/2023 2%
Up to 31/7/2024 1%
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Top comments
sit and work it out, i did mine recently and opting for a higher interest rate without a fee was £4k chepaer over the term of the mortgage then putting the fee onto the loan.
Always best to check if taking the extra % on the rate is better than paying a grand up front
Jules_HT04/06/2019 16:49

Yes, a mortgage broker can help you. Try L&C https://www.landc.co.uk/My …Yes, a mortgage broker can help you. Try L&C https://www.landc.co.uk/My remortgage was also adding money for home improvements, and they were good at finding me the best deal.


When i got my house, I was 'forced' by the same agency to use a broker. I did not know much about the mortgages, however I did some research online with the banks. The broker came with about 10 offers. Not even one was better than any of the deals I found. And I did not have a clue what I was doing.
Edited by: "sheffield788" 5th Jun
Doesn't take 30 seconds to see what L&C offer

Just add your house value, mortgage amount (including any additional borrowing), and term into their tool.

landc.co.uk/bes…rue

By all means shop about also, but I was unable to find anything better than they could (including from my own provider).

I don't work for them by the way (and have been careful not to use a referral link)!
77 Comments
Always best to check if taking the extra % on the rate is better than paying a grand up front
Check out this place too to see if you can wrangle some additional kickback, remortgagecashback.co.uk every little helps someone once said
I have a house on mortgage for 3 years now. What's. The value of my house is £140000. So increased by 30000. I wish to get £10000 for refurbishment from my first remortgage. Which company serve the best deal. I live near Coventry. Can anyone can help me please?
sit and work it out, i did mine recently and opting for a higher interest rate without a fee was £4k chepaer over the term of the mortgage then putting the fee onto the loan.
Nationwide is doing the same
Some good advice above #do the math
Sliwka04/06/2019 15:07

I have a house on mortgage for 3 years now. What's. The value of my house …I have a house on mortgage for 3 years now. What's. The value of my house is £140000. So increased by 30000. I wish to get £10000 for refurbishment from my first remortgage. Which company serve the best deal. I live near Coventry. Can anyone can help me please?



Yes, a mortgage broker can help you. Try L&C landc.co.uk/

My remortgage was also adding money for home improvements, and they were good at finding me the best deal.
Jules_HT04/06/2019 16:49

Yes, a mortgage broker can help you. Try L&C https://www.landc.co.uk/My …Yes, a mortgage broker can help you. Try L&C https://www.landc.co.uk/My remortgage was also adding money for home improvements, and they were good at finding me the best deal.


When i got my house, I was 'forced' by the same agency to use a broker. I did not know much about the mortgages, however I did some research online with the banks. The broker came with about 10 offers. Not even one was better than any of the deals I found. And I did not have a clue what I was doing.
Edited by: "sheffield788" 5th Jun
Sliwka04/06/2019 15:07

I have a house on mortgage for 3 years now. What's. The value of my house …I have a house on mortgage for 3 years now. What's. The value of my house is £140000. So increased by 30000. I wish to get £10000 for refurbishment from my first remortgage. Which company serve the best deal. I live near Coventry. Can anyone can help me please?


Go online and look what the banks offer. Start with your own bank/mortgage provider, as it may be easy. Don't know much about finances and mortgages, but I also need £10k for improvements, it took me 30 min to find the best deal for me. Which comes from my mortgage provider, another bank was better but due to additional fees, I decided my provider is better.
Doesn't take 30 seconds to see what L&C offer

Just add your house value, mortgage amount (including any additional borrowing), and term into their tool.

landc.co.uk/bes…rue

By all means shop about also, but I was unable to find anything better than they could (including from my own provider).

I don't work for them by the way (and have been careful not to use a referral link)!
There is also a 1.99% rate with no fee (took it out the other week) which is worth looking at if you have smaller mortgage
alex341004/06/2019 15:44

sit and work it out, i did mine recently and opting for a higher interest …sit and work it out, i did mine recently and opting for a higher interest rate without a fee was £4k chepaer over the term of the mortgage then putting the fee onto the loan.


That doesn't make any sense. If the fee is only £1000, how can a mortgage with a higher interest rate be £4000 cheaper? You need to check your maths.

Edit: just reread and saw you talk about adding the fee to the mortgage. Nevertheless, if you can invest your money anywhere at over 1.9%, you are better off adding to the mortgage and investing your £1000 (eg savings account). You'll never have a real saving that exceeds £1000
Edited by: "pkchips" 5th Jun
Jules_HT04/06/2019 16:49

Yes, a mortgage broker can help you. Try L&C https://www.landc.co.uk/My …Yes, a mortgage broker can help you. Try L&C https://www.landc.co.uk/My remortgage was also adding money for home improvements, and they were good at finding me the best deal.



Unless you have complicated circumstances, the average buyer can find the best deals themselves.

We used a broker for our new build, cost us £140 and he was useless at keeping us updated. I’m sure most of them are good and ours was just a one off but ultimately most people don’t need them if they are capable of using the Internet and doing some research.

It’s an old school thing to use a broker nowadays, it seems to be the older generation who do it, the ones you use an iPhone 5 with a stylus
Go via a broker like London and county.. no fees for you and they get exclusive deals not available on high street

My 5 year fix works out at about 1.7% with no fees and using the deals cashback paid straight off the mortgage
Edited by: "dodgymix" 5th Jun
pkchips05/06/2019 02:14

That doesn't make any sense. If the fee is only £1000, how can a mortgage …That doesn't make any sense. If the fee is only £1000, how can a mortgage with a higher interest rate be £4000 cheaper? You need to check your maths.Edit: just reread and saw you talk about adding the fee to the mortgage. Nevertheless, if you can invest your money anywhere at over 1.9%, you are better off adding to the mortgage and investing your £1000 (eg savings account). You'll never have a real saving that exceeds £1000


Our Deal was slightly higher (2.1% i believe) but then so was our LTV, I used online calculator to work it all out & the deal with the fee worked out more per month even though it had a cheaper rate - over the term this worked out at roughly £4K difference

My aim was to get our monthly payments down as much as we could, just coming off a fixed 5% rate this has made such a difference! So for us the better option was to chose the higher interest rate and get the lower monthly payments

If you have £1k you can spare to lock away & can find a savings interest rate higher then your mortgage I can see it being a good choice

The takeaway from it all is to work it out as what appears the best on face value may not be the best in the long run
I am on my first mortgage, two months in. When I go to remortgage in 2 years do I still need someone to reevaluate the house? and say it goes up by 10k will that mean I have to pay interest on the 10k? Or mean my mortgage amount would be 10k less?
Edited by: "jinkssick" 5th Jun
Went to remortgage with HSBC last week. The advisors are very poor, they were trying to get us to add all of our loans onto our mortgage, including car loans. Simply to reduce monthly outgoings, not thinking of the long term consequences of paying for for a car long after we would have disowned it and the extra interest. Go in knowing exactly what you want as they haven’t got a clue
jinkssick05/06/2019 07:34

I am on my first mortgage, two months in. When I go to remortgage in 2 …I am on my first mortgage, two months in. When I go to remortgage in 2 years do I still need someone to reevaluate the house? and say it goes up by 10k will that mean I have to pay interest on the 10k? Or mean my mortgage amount would be 10k less?


The answer to both those questions is no. If your house value does manage to increase in the next 2 years then your LTV should (in combination with making repayments) reduce slightly which is a good thing. LTV is the amount of loan as a percentage to your house value. The lower the LTV will allow you access to lower interest rates.
Edited by: "noeasywayout" 5th Jun
I'm still a bit unsure whether getting a low 5yr fixed is better than a super-low 2yr rate. Surely the money saved can be used to overpay the mortgage? Its a faff remortgaging every 2yrs but at least you can stay flexible. Unfortunately Im only half way through a 5yr fix
pkchips05/06/2019 02:14

That doesn't make any sense. If the fee is only £1000, how can a mortgage …That doesn't make any sense. If the fee is only £1000, how can a mortgage with a higher interest rate be £4000 cheaper? You need to check your maths.Edit: just reread and saw you talk about adding the fee to the mortgage. Nevertheless, if you can invest your money anywhere at over 1.9%, you are better off adding to the mortgage and investing your £1000 (eg savings account). You'll never have a real saving that exceeds £1000


You are confusing people with this bad advice. Can easily be £4K cheaper than paying the £1k fee. Especially if the customer has a large mortgage over say 5 years. I can provide maths example if you wish.
Jules_HT04/06/2019 18:21

Doesn't take 30 seconds to see what L&C offer Just add your house value, …Doesn't take 30 seconds to see what L&C offer Just add your house value, mortgage amount (including any additional borrowing), and term into their tool.https://www.landc.co.uk/best-mortgage-rates/?mortgageType=R&residential=trueBy all means shop about also, but I was unable to find anything better than they could (including from my own provider).I don't work for them by the way (and have been careful not to use a referral link)!



their site is a joke- asked me for war and peace and then said they needed to check further info and for me to call them or they could call me. No thanks- i'd given them sufficient info for them to show me deals out there. took around 10 minutes to do.
looking at buy to let deals- anyone know any good ones out there, with reasonable fees. Most I've seen have product fees exceeding £2k.
alex341005/06/2019 06:17

Our Deal was slightly higher (2.1% i believe) but then so was our LTV, I …Our Deal was slightly higher (2.1% i believe) but then so was our LTV, I used online calculator to work it all out & the deal with the fee worked out more per month even though it had a cheaper rate - over the term this worked out at roughly £4K difference My aim was to get our monthly payments down as much as we could, just coming off a fixed 5% rate this has made such a difference! So for us the better option was to chose the higher interest rate and get the lower monthly payments If you have £1k you can spare to lock away & can find a savings interest rate higher then your mortgage I can see it being a good choice The takeaway from it all is to work it out as what appears the best on face value may not be the best in the long run



Of course the third way to do it, is to take a product with a fee but overpay in such a way as you clear the fee over the fixed term. That was the cheapest outcome for my personal circumstances.
FrugalFergal05/06/2019 07:53

I'm still a bit unsure whether getting a low 5yr fixed is better than a …I'm still a bit unsure whether getting a low 5yr fixed is better than a super-low 2yr rate. Surely the money saved can be used to overpay the mortgage? Its a faff remortgaging every 2yrs but at least you can stay flexible. Unfortunately Im only half way through a 5yr fix



When I looked at it, if interest rates had gone up just 0.25% in the next 2 years (and available mortgage deals had reflected that) I'd end up paying back a similar amount that I'd saved in years 1-2, in years 3-5. Whilst I don't have a crystal ball (and was wrong the last time I fixed for 5 years - I would have been way better off with short fixed looking back), a rise of 0.25 or even 0.5% in the next couple of years is not completely inconceivable.

There is also value in knowing exactly what your repayment obligations will be, for a longer period of time.
bobcoyle7704/06/2019 14:51

Check out this place too to see if you can wrangle some additional …Check out this place too to see if you can wrangle some additional kickback, remortgagecashback.co.uk every little helps someone once said


you mention these people a lot....
Are they whole of market, fee free + cashback brokers?
jinkssick05/06/2019 07:34

I am on my first mortgage, two months in. When I go to remortgage in 2 …I am on my first mortgage, two months in. When I go to remortgage in 2 years do I still need someone to reevaluate the house? and say it goes up by 10k will that mean I have to pay interest on the 10k? Or mean my mortgage amount would be 10k less?


You borrowed a specific amount of money to buy your house. That is what you are repaying. Changing provider doesn't change the amount of money you borrowed to buy your house, it just changes who owns your debt.
This deal is good for those with expensive houses and quite a bit left to pay. If you do not have much left to pay, go with a no fee product. I've secured a 2.09% deal for 5 years, as it was cheaper for me than paying the fee.
Edited by: "sheffield788" 5th Jun
simon7705/06/2019 09:35

you mention these people a lot....Are they whole of market, fee free + …you mention these people a lot....Are they whole of market, fee free + cashback brokers?


Part of Mortgage Advice Bureau, so massive backing behind them, the girl Nicola told me that had 90 plus lenders, m and s, sainsburys, HSBC plus the high street and small digital lenders too. I like a deal and well you're also covered with miss selling using a broker and I was done and dusted in 30 mins. Used LnC in past and they were hard sell on insurance to make up broker fee that they dont charge. I found out about remo cashback on here last yr and happy enough to recommend.
Always managed to find a better deal than paying a fee - just my two pence.
I also used a cashback remortgage broker (not the one named above), these can get you some hefty cashback if you have a decent mortgage (eg 315 quid on a 150k mortgage). They aren't whole of market (and all "whole of market" brokers charge a hefty fee from what I can tell) but if you use the MSE mortgage best buys tool you should go into the conversation having a good idea what you want.

Also to be clear, cashback remortgage brokers are sharing their "proc" fee which is paid to them as a broker intermediary. Mad as it might sound, you cannot get that by going direct. It is totally separate to any cashback that might be paid by the lender directly to you.
FrugalFergal05/06/2019 07:53

I'm still a bit unsure whether getting a low 5yr fixed is better than a …I'm still a bit unsure whether getting a low 5yr fixed is better than a super-low 2yr rate. Surely the money saved can be used to overpay the mortgage? Its a faff remortgaging every 2yrs but at least you can stay flexible. Unfortunately Im only half way through a 5yr fix


brexit no deal
no consumer confidence
interest rates lower hopefully
better deal coming
or were all doomed
alex341004/06/2019 15:44

sit and work it out, i did mine recently and opting for a higher interest …sit and work it out, i did mine recently and opting for a higher interest rate without a fee was £4k chepaer over the term of the mortgage then putting the fee onto the loan.


That's crazy, was the fee over £4k?
Fyi Santander have longer tie in period than HSBC, they're locked in until sep2024. Who knows what an extra 2 months may save you at the end of day?
Do not waste your money on brokers. You all can do the same with your own computer. Also, hsbc is always in the best top 3 or 2
Watch out for booking fees and mortgage offer durations. HSBC took a grand off me when a sale collapsed because the seller pulled out hence I couldn't draw down before deadline. HSBC use non refundable booking fees, not arrangement fees. And querying or trying to rearrange a new sale for the mortgage with HSBC (back in 2010) was a total nightmare.
Anyone know how long HSBC will allow you to book a rate in advance? Online advice says 3 to 6 months, quite a difference between 3 and 6 months!
Just remortgaging with Natwest - 5 year fixed at 1.8% £999 fee.

Used Mojo Mortgages through Quidco which will hopefully get me £240 cash back.

Please do your own reaearch and question the brokers about products they ‘recommend.’ Look at the Overall Fee rather than the so called small interest rate or £0 product fee.
sheffield78804/06/2019 17:39

When i got my house, I was 'forced' by the same agency to use a broker. I …When i got my house, I was 'forced' by the same agency to use a broker. I did not know much about the mortgages, however I did some research online with the banks. The broker came with about 10 offers. Not even one was better than any of the deals I found. And I did not have a clue what I was doing.


You should never have been 'forced' into anything. If you have any issues with the service or advice you received you should definitely complain. I'm trying for my Cemap so offer advice like this. This would have been bad practice.
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