Best HSBC deal ?

plzsm

hi
i have been offered the following from HSBC and am struggling to choose
would appreciate any thoughts if you have them ?

2 yr discount rate 2.49% costs £249 + pay for valuation £221
Tracker rate 3.59% no costs
2 yr std fixed 4.09% no costs
3 yr fixed 4.74% no costs
5 years fixed 5.3% no costs

i have worked out the 2 yr discount saves approx £1500 on the tracker assuming it stays the same over the 2 years substracting the fees
but then I worry what the state of the fixed market will be in 2 years

anyway what would you choose?

thanks

ed

ukclarkkent

i recently applied for, and was successful with, a hsbc rate matcher remortgage. i took the 5yr fixed only because the rate i got(after paying a booking fee) was less than my current provider's svr but also because i was fed up of changing mortgage providers every 2 or 3 yrs.

i've gone with the fixed 5yr because i want to know what i'm paying for the foreseeable future. i could have gone with another 2yr tracker which might have given me a lower rate again but then where would i have been in 2 yrs time with regards to interest rates, etc.

i am infamously known for taking the wrong options, however, so please ignore what i've written. there are pro's and con's to any mortgage but no one knows what's going to happen in the future - which is really annoying actually!!!

plzsm

thanks for that
any other thoughts? i am hoping to decide today and would really appreciate any feedback if people have suggestions or comments
thanks in advance

gardner1

are you sure about the valuation fee we took the 2 yr discount rate 2.49% £249 booking fee added to loan and no valuation fee as it was done using their desktop valuation + free legal fees

michaels

I am more than unhappy with how I have been treated having taken an HSBC svr linked product - can you be certain that they won't increase their margins even further by pushing up their svr even if rates do not rise or faster than rates rise if they do? Are there no better value trackers available?

plzsm

i have always been happy with hsbc, had a few mortgages with them before
thanks for the comments
seems like the 2.49% discount is a good option, will see about the valuation fee