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Friday 20th of February 2009

News Tag: 0.5%

February 9, 2009

HSBC announces mortgage rate cut

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 ...