"This new 0.99% two-year fixed deal from HSBC enters the market as lowest fixed rate available"
The product has a £1,499 product fee, is available for purchases and remortgages up to 65% LTV and customers can overpay up to 10% of mortgage balance per year without incurring ERCs.
Tracie Pearce, HSBC's Head of Mortgages in the UK, said: “The new 0.99% two year fixed rate is not only the best in category, it is available for both purchases and remortgages up to 65% LTV and through branches, over the telephone, online or through our selected intermediary partners.
“So, for customers purchasing a new home, coming to an end of a fixed rate deal or already on a Standard Variable Rate, this is an ideal opportunity to take advantage of a great value product with the security of knowing that payments will not increase over the next two years.”
Rachel Springall, Finance Expert at Moneyfacts.co.uk, added: “This new 0.99% two-year fixed deal from HSBC enters the market as lowest fixed rate available and the first sub-1% fixed deal since Moneyfacts.co.uk records began."
