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HSBC offers new 5-year mortgage

January 15, 2007 by admin  
Filed under News, News-Mortgages

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A new 5.55 per cent, five-year fixed rate mortgage plan has been launched by HSBC.

Following the base interest to 5.25 per cent last week, the package replaces HSBC’s Green Sale mortgage with a fixed rate of 5.17 per cent, which has sold out.

The new plan offers the incentive of no booking or exit fees, with interest charged daily.

Rob Chesters, head of mortgages at HSBC, said: “Following the recent increase in interest rates, we are pleased to be able to announce immediately our new five-year fixed rate mortgage, which comes with a very competitive rate and no booking fee.

“Our Green Sale mortgage proved to be very popular with the many homeowners spring cleaning their finances this January, selling-out in the first two weeks of the sale.”

The fixed rate reverts to 6.25 per cent variable once the five-year fixed rate period has expired.

HSBC serves 15.6 million customers in the UK and over 125 million customers worldwide.

Tags: rate rise, cent, Green Sale mortgage, rise, rate

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