HSBC operates in about 77 countries and is one of the biggest financial and banking services on the planet. In the UK alone it has over 1,600 branches and is one of the top 3 banks.
HSBC offers all kinds of mortgages, from universally appealing products like their 3 year fixed rate, to more specialist deals such as mortgages accommodating 4 people buying a property together.
In April 2008 HSBC announced a remarkable offer called Rate Matcher – it will match people's existing fixed rate mortgage deals when they expire. This deal is only available until the end of June 2008.
About HSBC Remortgages
More details on the "Rate Matcher" fixed rate offer:
Beginning April 14th, if you are coming off a short term fixed rate mortgage and wish to remortgage with HSBC, the bank has offered to match your current rate.
However, you do need to be mindful of two conditions:
- Loan To Value. You need at least 20% equity in your property at current market rates. The maximum loan-to-value on these deals is 80%.
- Fee. HSBC will also charge an application fee. This is the tricky part of the deal, since fees are variable depending on your circumstances and HSBC admits that for 28% of applicants this is likely to be over £1,000.
Nevertheless, there is plenty of demand for these offers so we suggest you speak to an adviser today. An impartial adviser can recommend this deal, or any others which might be better for your circumstances.
General Information on HSBC Mortgages
HSBC has 22 different residential mortgage packages. Rates start from 6.29% (5-year Fixed Rate, available with maximum loan-to-value of 90% and with a £799 booking fee).
Choosing an HSBC Mortgage
HSBC is worth considering if you are hoping to remortgage, especially considering the April offer. But don't overlook smaller lenders, who might have some even better deals, and perhaps also quicker application times.
We recommend that you compare HSBC with the rest of the market by speaking to an impartial mortgage specialist. This way you will get unbiased advice, with no strings attached.
Fill in the secure, 1-minute enquiry form to get a free call back from an FSA-qualified mortgage adviser.