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HSBC Lifetime tracker
Bluebirds1975
Posts: 232 Forumite
How does this rate at the moment?
I am a plus customer so would get 5.89% tacking at 0.89% for the term. Overall 6.1%
I have had a look around and can't seem to get much under 6% with a 90% LTV
I am a plus customer so would get 5.89% tacking at 0.89% for the term. Overall 6.1%
I have had a look around and can't seem to get much under 6% with a 90% LTV
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Comments
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Yep looks like a pretty good deal.
Have you considered the fees?
Have you looked at Woolwich and First Direct.
I think you will find similar deals there (but comapre fees as well as rates).
They also offer offset products.0 -
I did have a look at the fees for HSBC. As a plus customer there are no fees apart from a £30 completion fee0
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You are very unlikely to find similar elsewhere.
First Direct are prrety good.
They charge £99 for valuation and nothing for legal fees, but there is often and arrangement and/or booking fee.0 -
Actually no completion fee. Everything is free.
HSBC Lifetime tracker is the best due to it being totally free. No exit fee. 90% LTV.
Next is the woolwich. similar but LTV 60%.
So take it!!!Motto: 'If you don't ask, you don't get!!'
Remember to say thank you to people who help you out!
Also, thank you to people who help me out.0 -
hi bluebirds
after much shopping around, i ended up taking this offer too as a plus customer.
seems to be the best about with 90% LTV
karie0 -
If you have their bank account then it's probably the best. We went with Woollich in the end as they offered us 5.89% with no fees and I could only get 5.99% with HSBC. Seems that if you bank with the lender, you will actually get a better deal for once!0
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Bluebirds1975 wrote: »How does this rate at the moment?
I am a plus customer so would get 5.89% tacking at 0.89% for the term. Overall 6.1%
I have had a look around and can't seem to get much under 6% with a 90% LTV
HSBC also currently have 5.69% tracker (BOE + 0.69%) that is for Premier customers (may be Plus as well) though it does have a £999 fee, though I'm sure for existing customers this could be negotiated - may be worth a call to see.Keep the right company because life's a limited business.0 -
HSBC also currently have 5.69% tracker (BOE + 0.69%) that is for Premier customers (may be Plus as well) though it does have a £999 fee, though I'm sure for existing customers this could be negotiated - may be worth a call to see.
What are Premier Customers?
People who have large deposits with HSBC or something else?0 -
johnnyboyz - no a Premier customer is just someone with a Premier account - - the fee is about £12 a month0
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I thought Bank Plus is the one with a £12 a month fee
and Premier Account is given "free" to HSBC customers who meets the following criteria
Premier Qualification Criteria
Savings or investments of at least £50,000 with HSBC Bank or
A mortgage of £250,000 or over with HSBC Bank and an individual income of £75,000 or over to be mandated to your Premier Bank Account.
We reserve the right to introduce a monthly fee for the HSBC Premier service or transfer you to our Bank Account product should you no longer meet the eligibility criteria. Your Relationship Manager will review this with you annually.0
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