HSBC’s new mortgage range features its lowest ever interest rate – 1.99 per cent on a 2-year discount loan – available to customers with a deposit of 40 per cent of their property value.
The range of new loans includes a second two year discount mortgage for customers with at least a 25 per cent deposit at an interest rate of 2.49 per cent. Both discount mortgages have arrangement fees of £1,199 and are discounted from HSBC standard variable rate which is currently 3.94 per cent.
A new three year fixed rate mortgage, at 4.19 per cent with a fee of £999 and a maximum loan to value of 60 per cent is also available.