Property News · June 21, 2016

HSBC launches fixed-rate mortgage below 1%


Customers given opportunity to lock in for two years at 0.99% interest rate – but they will need deposit of at least 35%HSBC has launched Britain’s first fixed-rate mortgage with an interest rate below 1%, as competition among lenders hots up and the cost of borrowing for banks and building societies falls to new lows.The bank is offering customers the chance to lock in for two years at an interest rate of 0.99%, but they need a deposit of at least 35% and will pay a product fee of £1,499. Continue reading…

Source : theguardian.com
Read more…HSBC launches fixed-rate mortgage below 1%