HSBC relaunches rate matcher fixed-rate mortgage
HSBC has announced the return of one of its fixed-rate mortgages to the market.
Fixed-rate mortgages from HSBC may be set to become cheaper in the future as the bank has recently relaunched its rate matcher mortgage.This product offers to match the interest rates offered by any other bank's mortgage package, down to a minimum of 2.49 per cent. This rate can then be fixed for up to five years.
All UK homeowners can apply for the new HSBC offer, whatever their existing mortgage arrangement, but the bank said the rate matcher will be available for a limited period of time.
Martijn van der Heijden, HSBC's head of mortgages said: "It's in the interest of the millions of homeowners enjoying exceptionally low mortgage payments to think ahead now.
"Anyone who would struggle to get by on an interest rate of just four or five per cent should really act now."
HSBC is the world's largest banking group and is one of the few big name banks in the UK not to have borrowed money from the government during the banking bailout.
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