HSBC mortgages offer 'best of both worlds'

Date:Wednesday 4th August 2010
Author: Max Freedman

Consumers looking for low interest rates and the option to fix for a longer period of time may find a suitable option among the HSBC mortgages currently available, according to a senior staff member.

Head of mortgages at the firm Martijn van der Heijden made his remarks after the firm unveiled its lowest ever interest rate for a five-year fixed-rate home finance deal of 3.95 per cent.

The product - which is available for up to 60 per cent loan to value - also involves a £599 booking fee.

Mr van der Heijden also highlighted that HSBC mortgages offers a new tracker arrangement at 2.19 per cent, however it is only guaranteed until August 15th 2010.

He said: "These new mortgage deals offer the best of both worlds, our lowest ever five-year fixed rate for those customers wanting security, as well as very competitive tracker rates."

Last month, the firm revealed that 93 per cent of the lowest fixed-rate mortgages available over the past two years were offered direct from the lender.