HSBC extends Rate Matcher deal
by Gill Montia
HSBC has extended its Rate Matcher mortgage offer, which will match interest rates on existing and new borrowers’ fixed-rate home loans.
Existing HSBC mortgage customers can fix their mortgage for two, three or five years at their current rate, while for newcomers a two year period has been set.
The deal has been available to existing HSBC borrowers since February and was extended to new applicants from mid-April, originally for a five-week period only.
New customers can now benefit from the offer until the 29th June as long as their fixed-rate mortgage term ends before the 31st August.
They will also need at least 20% of equity in their homes and be able to fulfil various other affordability criteria.
The offer has been extremely popular, increasing HSBC’s mortgage sales by almost 400% year-on-year since it was introduced.
Some customers have been able to match two-year fixed rates as low as 4.54%, although it should be noted that fees apply and are calculated on the size of the loan and agreed interest rate.
The maximum loan available is for £250,000.
Discuss this in the Finance Markets forums
Story link: HSBC extends Rate Matcher deal
Add to Bookmarks:
Related financial stories to: HSBC extends Rate Matcher deal
- HSBC extends guaranteed re-fix deal
- HSBC offers lifeline to fixed-rate remortgagers
- Rate cut and new mortgage deal round-up
- Stewart Milne Homes launches 4.99% fixed-rate deal
- HSBC offers Ratematcher to remortgagers
- Switching to lower interest rate mortgage not always the best deal
- HSBC cuts fixed rates by 0.56%
- HSBC and Yorkshire BS increase mortgage rates
- HSBC offers fee free mortgages
- New mortgage deal round up
Previous: « £1bn write-down at Barclays
Next: Housebuilding slumps as developers delay new starts »
Visited 1156 times, 2 so far today
