HSBC Launches New Fee-Free 50% LTV Tracker Mortgage

HSBC Launches New Fee-Free 50% LTV Tracker Mortgage 
LONDON, UNITED KINGDOM -- (Marketwired) -- 06/01/13 -- HSBC today
launches a new tracker mortgage rate in response to demand from
customers with more than 50% equity in their homes. 
The new fee-free(i) lifetime tracker rate, available from Friday 31st
May, is available to HSBC current account customers with a 50%
deposit or equity. The rate tracks base rate plus 1.99%, currently
2.49%. 
In addition, HSBC continues to offer competitive rates across all LTV
bands including:  
60% LTV: 


 
--  1.75% 2-year discount - GBP 1999 fee 
    
--  1.89% 2-year fixed -  GBP 1999 fee 
    
--  2.28% lifetime tracker - GBP 1999 fee 
    
--  2.49% 5-year fixed - GBP 1,999 fee 
    
--  2.59% 2-year fixed - fee free(i) 
    
--  2.69% lifetime tracker - fee free(i) 

 
90% LTV: 


 
--  3.64% 2-year fixed - GBP 999 fee 
    
--  3.74% 2-year discount - GBP 999 fee 
    
--  4.39% 5-year fixed - GBP 999 fee 
    
--  4.39% lifetime tracker - GBP 899 fee 

 
Peter Dockar, HSBC Head of Mortgages, said: "We are committed to
offering our customers competitive rates, including those with
smaller deposits. The fee-free 50% LTV rate is in response to demand
from our customers; more than half of those taking a 60% LTV product
have more than 50% equity in their homes." 
(i) Fee-free means: No booking fee, no standard valuation fee, no
completion fee. 
HSBC will cover the cost of one standard valuation where this is
required by HSBC as part of the mortgage application. Additionally,
where it is a straight forward transfer from another lender, HSBC
also pays the standard legal costs.  
Source: http://www.newsroom.hsbc.co.uk/press/release/hsbc_launches_ne
w_fee-free_50. 
HSBC Bank plc: HSBC serves 16.1 million customers in the UK and
employs approximately 52,000 people. In the UK, HSBC offers a
complete range of personal, premier and private banking services
including bank accounts and mortgages. It also provides commercial
banking for small to medium businesses and corporate and
institutional banking services. HSBC Bank plc is a wholly owned
subsidiary of HSBC Holdings plc.  
The HSBC Group: HSBC Holdings plc, the parent company of the HSBC
Group, is headquartered in London. The Group serves customers 
worldwide from around 7,500 offices in over 80 countries and
territories in Europe, the Asia-Pacific region, North and Latin
America, and the Middle East and Africa. With assets of US$2,556bn at
31 December 2011, HSBC is one of the world's largest banking and
financial services organisations. 
Notes to Editors 
HSBC mortgages are only available directly from HSBC - they are not
available from brokers or any other intermediaries.
Contacts:
HSBC
Suman Hughes
020 7992 2748
suman.hughes@hsbc.com
 
 
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