HSBC's 1.99% interest mortgage deal extended

Date:Tuesday 6th October 2009
Author: Max Freedman

HSBC has announced that it will be extending its 1.99 per cent interest rate mortgage because it wants to be "open for business" for its customers.

Martijn van der Heijden, head of mortgages at the bank, made his comments following the announcement that the deal will be available until the end of October.

He remarked that HSBC's mortgages have been in the best-buy tables for much of 2009 and this move will reinforce that.

Mr van der Heijden explained: "We made a commitment to stay open for business and extending the 1.99 per cent mortgage is part of that."

The 1.99 per cent interest offer was released in September and saw visitors to HSBC's website double compared to the previous two months.

As well as this, the call volumes to the bank's customer service centres increased by 78 per cent in the same period.