HSBC has brought to market the lowest 5 year fixed rate mortgage at 1.99%. The fee is £1,499 and is only available to people with a 60% loan to value.
There is a number of excellent mortgages on the market at present, depending on the affordability and deposit a person had.
Tracie Pearce, HSBC head of mortgages, says “With mortgage rates lower than they’ve ever been before, we’re proud to introduce the lowest ever five year fixed rate. We’re also offering £1,000 cash back to homebuyers and have refreshed our mortgage range to ensure that homeowners with a smaller deposit have access to our historically low mortgage rates.”
Eddie Chisholm of ER Network said, “A price war is excellent for consumers looking for a great deal on mortgages. It’s important to seek financial advice prior to applying for a mortgage to ensure you’re entering the best deal for you, and, that it’s affordable moving forward.”
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