HSBC cuts two year fix to 1.19%

HSBC has today announced its new mortgage rates at 60-95% loan to value, including its two year fixed mortgage rate at 1.19% for borrowers who have a 40% deposit.

Related topics:  Mortgages
Rozi Jones
2nd February 2015
hsbc bank

Other rates live from today include:

- 90% LTV 2.38% 2 year discount rate - £1,499 fee
- 95% LTV 4.39% 2 year fixed rate - £99 fee
- 95% LTV 4.89% 5 year fixed rate- £99 fee.

New rates for customers with a 60% LTV also include a 2.39% five year fixed rate with a £999 fee. In addition, the bank are also reducing all of their 80 and 90% LTV products by 10 - 20bps.

The bank is also offering reduced fees for existing HSBC mortgage holders switching rates and/or borrowing more on their existing property, and for HSBC Advance or HSBC Premier customers.

Other rate changes include:

70% LTV

- 1.64% 2 year fixed rate - £1,499 fee
- 1.79% 2 year fixed rate - £999 fee
-  2.29% 2 year fixed rate – no fee

80% LTV

- 1.99% 2 year fixed rate - £1,499 fee
- 2.19% 2 year fixed rate - £999 fee
- 2.69% 2 year fixed rate – no fee
- 3.09% 5 year fixed rate - £1,499 fee
- 3.39% 5 year fixed rate - £999 fee
- 3.89% 5 year fixed rate – no fee

90% LTV

- 3.19% 2 year fixed rate - £1,499 fee
- 3.39% 2 year fixed rate - £999 fee
- 3.89% 2 year fixed rate – no fee
- 3.94% 5 year fixed rate - £1,499 fee
- 4.29% 5 year fixed rate - £999 fee
- 4.79% 5 year fixed rate – no fee

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