Hsbc fee free mortgage

Prince.Charming

HSBC have a FEE FREE Tracker Mortgage

No Booking Fee

No Completion Fee

No Valuation Fee

The more you put down as a deposit the less the rate, rates as low as 1.79% above BOE lending rate

More details here

https://mortgages.hsbc.co.uk/mortgage-calculators/offers/?mortgages=search&WT.srch=1&HSBCMortgages

Hope it is of intrest to someone.

1984ReturnsForReal_2

1.79% above BOE lending rate

Bad deal when rates rise.

dmg24

Given the fact that rates are only going to go up from where they are now, most people looking for a new deal are being advised towards fixed rates.

Nod

It was in martin's e mail this week. It is a good deal for people who don't have a lot of money on a mortgage - the fees associated with remortgaging often make it not worth doing if you owe less than 60k. I'm not a mortgage advisor so don't quote me on this! I took this out this week as I was stuck on northern rock's SVR and am very happy - they did a computer valuation of my house and they valued it at more than i thought which mean i qualified for the 60% LTV. Previous poster right in a sense - depends how much security you need on whether to get a fixed rate or not.

The_Fat_el_Hombre

dmg24 wrote: »

Given the fact that rates are only going to go up from where they are now, most people looking for a new deal are being advised towards fixed rates.

They're gonna go up no doubt but probably not very quickly. There's still a very good chance you'll save more money with a 2 year tracker than a fixed

sirbrainy

Remortgaged with Yorkshire BS for 5 year fix in an offset arrangement in Dec - 3.79% fixed until January 2016.

Already gone up to 4.39% http://www.ybs.co.uk/mortgages/current_products/index.html?customerType=&mortgageType=offset#

Get in quick, interest rates going up soon.

GingerDi

best fix at the moment that i found is with first direct. 3.89% for 5 years with £99 booking fee. Still umming and aahing over whether to fix or not.

sirbrainy

That was the alternative I looked at, extremely competitive but not in an offset arrangement. I paid a £1495 fee but the offset arrangement will shave over 2 years off my 14 year mortgage.

sirbrainy

The other important thing to remember is that mortgage rates can and will go up higher than the BOE rate increases.

Mortgage rates are principally determined by the money markets not by the BOE.

So the BOE base rate might be (say) 2.5% in 2 years' time, ie 2% higher than today - but typical mortgage rates could easily be 3-4% higher than today.

Prince.Charming

True rates will rise, when and how much by is anyone's guess

I personally don't think they are going to shoot up

people can't afford very big hikes in their mortgages on top of everything else going up

probably 3 or 4 0.25% rises over the next year and a half at the most

But the beauty of this deal is that there are no tie ins, HSBC STATE "As with all our mortgages there is no exit fee."

sirbrainy

Er, that probably only applies to certain HSBC mortgages, check the terms on their fixed rate mortgages ands of course you get:
An early repayment charge applies during the fixed rate period