HSBC RateMatcher extended to ALL (non-HSBC) customers!

michaels

maveli wrote: »

Michaels,
Is this the life tracker ? I didn't see any tracker from HSBC which offers below BoE rate in the past 2 months. Did I miss ?

Thanks
Maveli

2 year discount so no not a tracker. I factor in all fees and look at the cheapest interest + fees cost over a 2-4 year time span when I remortgage accepting that I will need to do it again every few years as the price to pay for getting the cheapest deal. This deal had a large fee so you needed a decent size mortgage to make it worthwhile.

maveli

Thanks Michaels for the clarification. I was monitoring the life tracker for past couple of months and noticed it going from 0.23 to 0.35 to 0.45 above BoE. Reading your previous post I thought at some stage it was 0.5 below BoE.

yummymummywales

Hi all,

Just put my figures in and was interesting reading -

- 4.59% on £243000 mortgage - fee of £3699!

Scary thoughts paying that much of a fee and only for two-year stability - think it might be worth sussing out the best 5-yr fixed rate?

maveli

yummymummywales wrote: »

Hi all,

Just put my figures in and was interesting reading -

- 4.59% on £243000 mortgage - fee of £3699!

Scary thoughts paying that much of a fee and only for two-year stability - think it might be worth sussing out the best 5-yr fixed rate?

Even with that fee, I think it will beat any other 2 year deal in the market

James_H

Apologies for all - I was about to go to bed last night but thought I would check to see if HSBC had updated their website. They were still doing it as I posted as the site was combination of old and new, with the old gradually disappering.

The 5.39% deal is a five year fix with £999 fee, which is competitive when compared to anything else available to someone about to apply now.

The life tracker was present, disappeared for a minute, then came back again. Now BOE+0.48% (as maveli posted, was BOE+0.23% until not long ago).

The 2-year fix was for a £127k loan, and gave an estimated £899 fee with 4.99% rate. I agree it may not necessarily be competitive with deals available in the recent past, but is with what's available now.

michaels - Do you know of any lender giving better than 5.35% fixed without fees for two years to new customers?

Marky_Mark_5

I've just given HSBC a call to get a quote on matching my existing 4.45% fixed rate (I know!!) with Skipton Building Society; due to end at the the end of April.

Note to all - they are asking non-HSBC customers to call back no earlier than Monday 21st April.

According to the HSBC website, if they are able to quote on a 4.5% 2 year fixed rate on what is now around a £99,000 mortgage, their fee is £1599.

I'm starting to wonder whether it's worth just sticking with my current product, which will soon automatically switch me to a standard variable rate of 6.7%...sure my repayments will increase, but all the advice I've heard is that it could be worth riding things out until the summer and re-assess from there.

L_Tee_2

Dan_Collins wrote: »

As all mortgage deals, it will suit some and not others. £150k at 5.2% fix for two years with a £599 is very good!

Where is this???? I would jump at a deal like that!

Sun

I spoke to HSBC today and if your current rate is less than 4.54% then they cannot offer you RateMatcher at all.

_Andy_

I have it on good authority that you don't have to prove what rate you're coming off, so in the case of the above, you could just say you're coming off 4.54% (or similar).

Sun

First thing they are asking your current Rate and LTV (80%) !