HSBC launches 1.79% 2-year fix

HSBC has responded to growing demand for borrowers seeking a fixed rate by launching its lowest ever 2, 5, 7 and 10 year fixed rate mortgages.

Related topics:  Mortgages
Amy Loddington
5th March 2013
Mortgages
The rates, available now, are open to borrowers with a 40% deposit and have a £1999 booking fee:

- 2-year fixed - 1.79%

- 5-year fixed - 2.78%

- 7-year fixed - 3.49%

- 10-year fixed - 3.99%

HSBC is also launching its lowest ever 2 year discount rate at 60% LTV at 1.75% with a £1,999 fee.

In addition, HSBC is lowering rates on mortgages for customers with a 10% deposit. These rates are fee-free for HSBC current account holders or have a £599 booking fee for non-current account holders:

- 2-year fixed - 4.15%

- 5-year fixed - 4.65%

- Lifetime tracker - 4.39%

Peter Dockar, HSBC Head of Mortgages, said:

"Last year we approved a record £19.5bn to UK mortgage borrowers and we will continue to support our customers by offering them competitive rates to help fund their property aspirations."
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