HSBC has announced it is reducing interest rates across its mortgage offerings for existing customers by up to 0.4%
Sadie WhitelocksHSBC has announced it is reducing interest rates across its mortgage offerings for existing customers by up to 0.4 per cent.
For current mortgage customers switching to another mortgage with the lender, this would mean a two-year fixed rate deal with a 10 per cent deposit will come down by 0.3 per cent to 5.79 per cent, and no fee.which is now 6 per cent for the first time since 2008One of the lowest rates offered with HSBC for anyone remortgaging is 4.89 per cent. This is for a five-year fixed rate with a £999 fee and a 20 per cent deposit.
The bank also recently extended the period a mortgage rate can be reserved, so for customers rolling off their current deal it has increased from 90 days to 120 days.
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