|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    24th of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Mortgage News feed Mortgage News

All Financial News feed All Financial News




HSBC announces mortgage rate cut

Bookmark and Share

by David Masters
HSBC announces mortgage rate cut

HSBC will pass on last week’s base rate cut to the ‘vast majority’ of its mortgage customers, the bank has revealed.

Ninety five percent of mortgage customers on variable packages will benefit from the full 0.5% rate cut, HSBC said.

In addition, the bank’s small and medium sized business customers will benefit from the cut to base rates.

HSBC UK’s head of retail products, Andy Mielczarek, said: “HSBC is very much open for business, we have £15 billion allocated for mortgage lending in 2009 and we will be passing on the full base rate decrease to the vast majority of our customers.”

Other lenders to pass on the full base rate cut to mortgage holders include Barclays and Nationwide.

Discuss this in the Finance Markets forums

Story link: HSBC announces mortgage rate cut



News posted: February 9, 2009

Financial Services:





Related financial stories to: HSBC announces mortgage rate cut:
Previous: «
Next: »

Visited 5302 times, 4 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , , , ,