Can anyone beat HSBC 5.39% fixed for 5 years

chrisholgate

Rather frustratingly I went to HSBC today to get this mortgage that we had already agreed (the guy had been on holiday for two weeks so we couldn't arrange the mortgage sooner) and they pulled the rates last Friday and have refused to continue at the rate I was originally quoted. The best they can offer now is 5.79% for five years.

I'm rather annoyed but at present am looking at a 5.49% tracker instead; it's a bit of a gamble however in my mind!

emujuice

hi chris - try negotiating a bit on the fix if you fancy it. we are in a similar predicament - they've said they'll waive the fee (therefore saving £999) - over the 5 years we'll pay £1040 more than on the other terms, but have an extra £999 cash now...which at 6% interest would raise £338 over 5 years (or we'll just spend it on the house!!)
They also said they could reduce the rate to 5.63% - but this only saves an extra £88 over the 5 years, as it keeps the £499 fee. I'd rather have the cash now.

Too scared to do the tracker I think! but do you know what the tie in period is? is it a life time tracker?