HSBC remortgage deals fee free 60% LTV 5 year 1.94% (1.74% £999 fee)
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HSBC remortgage deals fee free 60% LTV 5 year 1.94% (1.74% £999 fee)

24
Found 11th Feb
A fairly decent deal to remortgage with hsbc for those with the higher LTV, my base rate tracker had gone up to 1.99% and so with all the talk of rate rises I looked at fixing in my deal,

2 and 3 year deals offered better rates 1.84%, 1.79% but I decided to go a little longer term so as not to have to find a deal in the shorter term, when I expect rates may have gone higher..

As per most hsbc/first direct ortgages
max 10% overpayment, transportable, goes to SVR at the end of the Fix May2023


the interest rates are far lower with the £999 booking fee but Once you factor in the £999, you may be better to pay the higher interest rate.

**Basic Maths
£100k mortgage on 2 year 2% plus £999 fee is £4,999 total cost
whereas a fee free on the same mortgage at only 2.25% is £4,500
hence the lower the outstanding mortgage it’s usually better to go fee free, whereas a large mortgage it’s usually better to pay a fee for the lower rate. Seek financial advice if you need better understanding
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My mortgage contract is with NatWest and runs out in Jan 2019. How far in advance I can secure back deal like this?
Agreed
We remortgaged with HSBC in July, & the mortgage offer lasted 6 months (I.e. you can apply 6 months before your fixed rate ends, we applied in January).
I got this offer back in August last year. You can over pay 10% in the first year and 10% of the remaining balance the following years up to 5 years.
Pretty good rate if you prefer HSBC but I'm pretty sure Santander have still got a 1.79% 5 year fix with no fee if anybody is on the look out for something even cheaper!
I took a mortgage with HSBC in August. 5 year fixed at 1.98 so easy and can’t fault anything. Almost effortless just how I like it !
Share the endorsements of HSBC- fair rates and straight forward for overpayments and fed transparency etc.
Psychobunni1 h, 48 m ago

Pretty good rate if you prefer HSBC but I'm pretty sure Santander have …Pretty good rate if you prefer HSBC but I'm pretty sure Santander have still got a 1.79% 5 year fix with no fee if anybody is on the look out for something even cheaper!


Just applied for this, I think they had it this rate before the BoE base rate rise last November
Good deal..I took a 10 year fix out 18 months ago with an option to come out after 5 with TSB
Edited by: "StuartAird" 11th Feb
Psychobunni6 h, 39 m ago

Pretty good rate if you prefer HSBC but I'm pretty sure Santander have …Pretty good rate if you prefer HSBC but I'm pretty sure Santander have still got a 1.79% 5 year fix with no fee if anybody is on the look out for something even cheaper!


Yep the offer is still on, definately worth it if you are already with Santander, quite a few fees/penalties including fees to complete mortgage etc and ERC of 5% so small print will need reading, I know hsbc you can port a mortgage for free as we continued our tracker form our old house and took out a fix on the balance, so now have two mortgages both 5 year fix (one is 12m old though
whatyadoinsucka30 m ago

Yep the offer is still on, definately worth it if you are already with …Yep the offer is still on, definately worth it if you are already with Santander, quite a few fees/penalties including fees to complete mortgage etc and ERC of 5% so small print will need reading, I know hsbc you can port a mortgage for free as we continued our tracker form our old house and took out a fix on the balance, so now have two mortgages both 5 year fix (one is 12m old though



whatyadoinsucka30 m ago

Yep the offer is still on, definately worth it if you are already with …Yep the offer is still on, definately worth it if you are already with Santander, quite a few fees/penalties including fees to complete mortgage etc and ERC of 5% so small print will need reading, I know hsbc you can port a mortgage for free as we continued our tracker form our old house and took out a fix on the balance, so now have two mortgages both 5 year fix (one is 12m old though


Yeah just had a look and there are pros and cons with both really! Both appear to have a 10% repayment allowance and the ability to port. The good thing about the HSBC one is that it looks to be available for both remortgage and retention purposes which is pleasantly surprising, but if you're remortgaging there will be conveyancing costs involved (I think about £200-£300 typically). Great deal if you are already an existing customer looking for a retention deal though as you'll have no legal fees to pay!

The Santander one has free conveyancing so no legal costs, but it does have a mortgage administration fee which you can pay at the end if you want. This one doesnt appear to be available to existing customers though, so a remortgage only deal.

Some decent options around at the moment dependent on requirements
I remortgaged Friday morning took 26 mins , mainly due to a 5 min delay as I said I’d make a payment before taking it out, and the lady couldn’t see it, very simple, paperwork in the post to sign and all done
whatyadoinsucka3 h, 27 m ago

I remortgaged Friday morning took 26 mins , mainly due to a 5 min delay as …I remortgaged Friday morning took 26 mins , mainly due to a 5 min delay as I said I’d make a payment before taking it out, and the lady couldn’t see it, very simple, paperwork in the post to sign and all done


26 minutes? Dont they have to come over to the property to value it?
vickyboy12310 h, 57 m ago

26 minutes? Dont they have to come over to the property to value it?


I was already a hsbc customer, they ran it through their system, new customers they may do
Yeah remortgage with Santander when I was a customer took about 15mins over the phone. When I took a 10 year fix out with another lender took a while to complete proving finances , valuation etc
On 1.99 tracker (1.49+base) for a 13 year mortgage.
Tempted to fix for 5 years, especially after talk of rate rise expected in may per latest on news.
ran123ran11 m ago

On 1.99 tracker (1.49+base) for a 13 year mortgage.Tempted to fix for 5 …On 1.99 tracker (1.49+base) for a 13 year mortgage.Tempted to fix for 5 years, especially after talk of rate rise expected in may per latest on news.


The only downside if you overpay it’s a maximum 10% per annum (starting balance)
and then SVR is 3.9
whatyadoinsucka10 h, 29 m ago

The only downside if you overpay it’s a maximum 10% per annum (starting b …The only downside if you overpay it’s a maximum 10% per annum (starting balance) and then SVR is 3.9


Yes, we dont plan to overpay, but the 10% is more than what our budget would allow so ok with that but going ont a higher svr is a conncern but we could always switch to another product then and have 8 years left on mortgage at that point.
Is the valuation free?
Just gone for this - was on 1.79% tracker with HSBC, but it has a shoulder (so can't drop much further) and I was able to switch online in 5 minutes to this 1.74% deal. Thanks!
Cant see rates dropping, i think uk follows what happens in usa and their rates are heading up, though not sure what if any brexit impact will be.
ran123ran1 h, 5 m ago

Cant see rates dropping, i think uk follows what happens in usa and their …Cant see rates dropping, i think uk follows what happens in usa and their rates are heading up, though not sure what if any brexit impact will be.


Yep my five year fix is lower than my lifetime tracker I’ve had 8 years, I’ve noticed hsbc have pulled all lifetime trackers, so it’s no wonder it was so simple to take the fix.. a fix unless you get lucky will always be cheaper long term
cikki10011th Feb

Just applied for this, I think they had it this rate before the BoE base …Just applied for this, I think they had it this rate before the BoE base rate rise last November


I applied for the Santander 1.74% deal also. Waiting on them to process. How long do they usually take to move their b*tt?
vincento_11 h, 24 m ago

I applied for the Santander 1.74% deal also. Waiting on them to process. …I applied for the Santander 1.74% deal also. Waiting on them to process. How long do they usually take to move their b*tt?


I'm still waiting too, they verified all but 2 things, within couple of days.
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