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

owitemisermusa

debster369 wrote: »

It's worth noting that you don't actually need 20% equity/deposit, e.g. If you needed 85% LTV you would get 80% on ratematcher and the other 5% on another deal.

That sounds like a very fair deal. Do you have that on good authority?

debster369

owitemisermusa wrote: »

That sounds like a very fair deal. Do you have that on good authority?

I work there, in the homebuying team.

payless

What I think is interesting with this , ius the different ways brokers are dealing with these deals ( and HSBCs other -competitive range- )

some will ignore them ( I can see a number of reasons how/ why they avoid mentioning the deals .. but it would rile me if I was a consumer and later found out that the supposed independent adviser did not give me the nod)

Some will provide clients information on the deals ( either for a fee or more likely just for goodwill - I hope that what comes around.....) so the clients can consider the rate/ benefit of broker service on alternative deals .

Cashback websites don't seem to mention them at all.. maybe a lesson to be had?

owitemisermusa

Most independent brokers I spoke to were very straightforward and ALL pointed me in the direction of HSBC as the best deal for me.

I think if an adviser is straight with you, you would consider them first when you need further advice in the future - knowing they're not going to give you advice heavily skewed in their favour.

All in all, very positive experiences with IFAs/MAs so far.

virgo149

I went into my HSBC branch yesterday regarding the 0.48% over BoE Base Special Lifetime Tracker. It seems that as long as you sign up and pay the fee, they will hold whatever product you choose for up to 6 months. This tracker seems a good deal with no ties in's and unlimited overpayments.

In our case our fixed 2year tracker deal at 0.27% over BoE with the Nationwide doesn't expire until 31st July - so we are signing up for the new one now, knowing we will still get it in 3 months time. Our fees of 599 plus a completion fee of 30 is all we will be paying - everything else covered by HSBC. We will theoretically claw back these fees in around 10 months by moving rather than going onto a SVR at Nationwide (we are trying to pay the mortgage off so really need a flexible product).

I am a HSBC account holder so I'm sure that helped move things along, but checking the small print in the brochures in store not all products (incl the one above) need you to open an account.

1stTime

Just had a meeting at HSBC this lunchtime.

We are 1st Time Buyers with a 45% deposit. Looking for £215k mortgage.

With a £2,500 fee we can fix on 4.29% for 5 years. Even with the fee this seems better than any other deal out there.

Alternatively we may fix for 7 years on 4.99% with a £999 fee (not the ratematcher deal).

Both good options I think - would be interested in your thoughts