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Home News First-time buyers

HSBC expands first time buyer range

by ben.wilkie
June 29, 2011
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HSBC has launched a series of new products for borrowers looking for 90 per cent loan to value mortgages. The new rates include: 4.19 per cent above base rate lifetime tracker (current pay rate 4.69 per cent) (£599 fee) 4.99 per cent two year fixed (£599 fee) 5.99 per cent five year fixed (£599 fee) […]

Climbing up to the sunHSBC has launched a series of new products for borrowers looking for 90 per cent loan to value mortgages.

The new rates include:

4.19 per cent above base rate lifetime tracker (current pay rate 4.69 per cent) (£599 fee)

4.99 per cent two year fixed (£599 fee)

5.99 per cent five year fixed (£599 fee)

New rates for customers with a 15 per cent deposit include:

3.49 per cent above base rate lifetime tracker (current pay rate 3.99 per cent) (£199 fee)

3.99 per cent two year fixed (£899 fee)

Stuart Beattie, head of mortgages at HSBC, said: ‘Over 80 per cent of young non-homeowners are aspiring to buy a home. HSBC is committed to helping their cause. The new mortgage rates we have made available today will help those with a relatively small deposit become homeowners.’

Tags: affordabilityfirst time buyerfixed rate mortgage
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