HSBC Mortgage Rate Reduction
Thu 04 Jan 2024
You might have already heard in the news that HSBC were due to cut rates as of today.
Our Benfleet Mortgage Advisor, Dan Boosey explains more and why this is a positive step for for first-time buyers and homemovers;-
"HSBC is the first lender to bring out a 2 year fixed rate below 5% on a 90% Loan to Value deal.
To give you an idea of rates, their highest Loan to Value deal is 90% and this is priced at 4.99% and their lowest Loan to Value deal is 60% and this is priced at 4.59%.
On 5 year money, you’re now looking at 90% at 4.51% and 60% at 4.29%.
This is such positive news to start 2024, hopefully more lenders will start to follow suit."
If you want to discuss how this could benefit you, contact us to arrange an appointment with our mortgage advisors, Dan Boosey, who is based out of our Benfleet office or Dean Neagen, who is based from our Hockley office www.williamsanddonovan.com/