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HSBC fixed-rate mortgage

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  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Having had a HSBC fixed rate mortgage previously, I would agree that their overpayment T&C's are quite restrictive. This is the main reason we changed to a tracker when our fixed rate mortgage deal ran out.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • SuzieSue
    SuzieSue Posts: 4,109 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    uzubairu wrote: »
    the option to reduce the term (as often as we liked-free of charge), .

    Do HSBC's terms actually say that you can't reduce the term of the mortgage?
  • SuzieSue wrote: »
    Do HSBC's terms actually say that you can't reduce the term of the mortgage?

    No, the terms and conditions do not explicitly say so.
    Mortgage: @ Feb. 2007: £133,200; Apr. 2011: £24,373; May 2011: £175,999; Jun 2013: ~£97K; Mar. 2014 £392,212.73; Dec. 2015: £327,051.77; Mar. 2016: ~£480K; Mar. 2017 £444,445.74
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