HSBC
HSBC is one of the biggest banking operations on the planet. It has a 143-year history, operates in 83 countries and is by far Britain's biggest bank – but it has only recently began to build up its small(ish) share of the UK mortgage market.
The timing is good though, because thanks to its strength in depth, HSBC looks well poised to ride out the credit crunch, and has started a big marketing drive to attract UK mortgage customers.
You can get unbiased advice on HSBC mortgage at any time using the enquiry form on the right.
About HSBC Mortgages
HSBC has 15 different residential mortgage deals. Its packages have an incredibly wide range of interest rates and fees. It has been known to offer interest rates under 2%.
However, some of its offers are only available for HSBC Plus and Premier current account customers, and on property purchases not remortgages. Other headline deals have high fees or are only available to customers with 40% equity or deposit.
HSBC 'Rate Matcher' Remortgages
HSBC has renewed its “Rate Matcher” offer, where the bank will match your existing SVR rate and turn it into a fixed rate for up to 5 years. The flip side to this favourable-sounding deal is that you will have to pay a fee up front, which could be large - it's calculated on a sliding scale depending on your current rate, size of loan, LTV, and how long you want to fix for.
Choosing an HSBC Mortgage
HSBC is definitely worth a look in these market conditions, especially for those of you remortgaging soon. But don't overlook smaller lenders, who might have some even better deals (and perhaps also quicker application times).
You can quickly compare HSBC with the rest of the market by speaking to one of our expert, FSA-authorised mortgage advisers. This way you will get valuable unbiased advice with no strings attached. An adviser can recommend you HSBC's mortgages as well as other products you might not have discovered yet.