Remortgaging has grown off the charts in the last couple of months with many customers rushing to get a better offer or switch to a fixed-rate deal before the Bank of England base rate rises.
Considering the increased demand HSBC has lowered interest rates on a number of products and has unveiled a new fee saver remortgage range.
The range revamp will make it cheaper for customers looking to remortgage or come off a standard variable rate (SVR) mortgage, the lender says.
The revised offers, available from 1 September, include:
– 90 per cent loan-to-value (LTV) 5 year fixed Special – 3.49 per cent with a £999 booking fee
– 90 per cent loan-to-value (LTV) 2 year fixed Special – 2.99 per cent with a £999 booking fee
– 60 per cent loan-to-value (LTV) 3 year fixed – 2.19 per cent Fee Saver
– 80 per cent loan-to-value (LTV) 5 year fixed – 2.99 per cent Fee Saver
“Now is a great time to remortgage with HSBC. We have a great suite of mortgage products, and now we sharpened the rates further which could see remortgagers making significant savings,” Tracie Pearce, HSBC’s head of mortgages in the UK, said.
“We will also be offering £250 cashback on our Remortgage Specials range for HSBC Advance and Premier current account customers switching their mortgage from another provider, switching the rate of their existing HSBC mortgage or borrowing more”.
