Mortgage competition heats up with the launch of a sub 1% fix.
HSBC has just announced the launch of a market leading sub 1% 2 year fixed rate mortgage.
The product is available on deals of up to £500,000, and is on offer at 0.99% for up to 65% LTV for both new purchase and remortgage.
While this is a low rate offer there is a sting in the tail, which comes in the form of a high fee which is set at £1,499.
For this reason, it really does make sense to shop around and compare other similar products on a like for like basis. What this means is working out which deal actually is the best overall, and it’s not necessarily the one with the lowest headline rate. Once fees are factored in it might work out to be another.
To compare products like for like you are likely to need help, as it can be a complicated business. It’s therefore best to seek help from an independent ‘whole of market’ broker not limited in the range of lenders they can contact.
At Deal Direct we have the expertise you need to find the best rate for your deposit/equity level. We’ve been working for over a decade finding the best deals on offer to allow our clients to buy a first home, move up the property ladder, remortgage or purchase a second property/buy to let.
For no-obligation impartial advice based on what you need and what’s in your interest and not that of the lender, call us today.
Speak to a mortgage expert today for no-obligation advice.
0800 048 8828
