Following on from the banks campaign against mortgage exit fees, this new move to cement its status as a transparent lender will benefit both new and existing customers something which doesnt always happen.
All standard mortgages throughout the period will refrain from charging the customer for their booking fee, standard valuation fee, exit fee, higher lending charge, mortgage account servicing and conduct fees and no £30 completion fee.
HSBCs head of mortgages, Rob Chesters, believes this offer will go a long way to please their customers and enhance the banks reputation: With some lenders recently bowing to pressure to scrap their exit fees, HSBC has decided to stay one step ahead.
Our new mortgage offers will fill the void of clear and transparent mortgage deals, the market has for too long concentrated on increasing dubious fees to shore up headline rates.
Sadly some lenders will simply look to rename their exit charge or bump up fees elsewhere, however HSBC customers can rest assured, the rate they see is all they will pay.
Mortgage deals available to customers during August and September are as follows based on LTVs of less than 90 per cent.
- 2 year fix – 6.69%
- 3 year fix – 6.79%
- 5 year fix – 6.49%
- 10 year fix – 6.39%
- Tracker (BBR +0.79%) – 6.54%
NB: HSBC Plus and Premier customers can access rates between 10 and 20 basis points lower than these standard rates.
In addition to their mortgage deals, HSBC is also offering customers the option to take out a home insurance policy which will freeze their premiums over the next five years. It is available to both new and existing customers with a £50 cashback option and is available over the same period, ending on 30 September.
