HSBC launches new 10-year fixed-rate mortgage

HSBC launches new 10-year fixed-rate mortgage

HSBC has announced the launch of its new ten-year fixed-rate mortgage product, which may be of interest to first time buyers.

Available through the bank’s website, the new ten-year fixed-rate offers both first time buyers and repeat purchasers a fixed-rate of 5.49 per cent.

Two, three and five-year fixed-rate options are also available, with an interest rate of 5.89 per cent.

“HSBC has a reputation for providing mortgages that are transparently priced and offer real long-term value,” said Rob Chesters, head of mortgages at HSBC, adding: “Our new mortgage range is highly competitive.”

A recent surprise rise in the base rate caused many mortgage and homeowner loan providers to pull their fixed rate products as borrowers urgently sought loans in anticipation of further rises.

HSBC offers a range of financial products and services, including current accounts and personal loans.

© Adfero Ltd

Leave a Reply

Your email address will not be published. Required fields are marked *