An HSBC mortgage is launched to help small deposit buyers.
For those with a low deposit help is on hand, an HSBC mortgage has been launched specifically for would-be buyers with just 10 per cent deposit.
The new low deposit deal is yet another 'lowest ever' rate and is set to top the best buy tables. HSBC previously launched a 5 year 'lowest ever' rate which was withdrawn in just 2 weeks when funding was exhausted.
Best ever rates are popular with those looking for a mortgage bargain and so tend to be snapped up quickly. If you are looking for a cheap deal you are advised to act without delay and contact Deal Direct for an up to date mortgage market comparison. We can help you source a low rate offer while cheap deals are available.
The new HSBC low deposit mortgage is a 7 year fixed rate mortgage for 90 per cent loan to value offered at a rate of 4.89%.
If you have a 10% deposit and are looking for low rate with longer term security this deal could be for you, knowing what your repayments will be for 7 years is beneficial to budgeting. To help smaller deposit buyers further HSBC are not changing an arrangement fee.
Other competitive rates are available for 2, 3 and 5 year terms at 90 per cent loan to value. A lifetime tracker has also been released for 90 per cent loan to value 4.49% fee free.
All of the new HSBC mortgages are also available for remortgaging home-owners, however for remortgage a £599 mortgage fee is charged.
Contact Deal Direct and will compare the entire UK mortgage market on your behalf to find you a cheap rate, low deposit deal.
Call one of our advisers today.
