HSBC 5 Year Mortgage - Fixed 1.99% !!!

[mudskipper]

Is there an application fee though? We have small mortgage so the fee usually outweighs the savings on interest. We can access good rates though due to having small LTV.

'Market leading' 1.09pc mortgage costs almost £200 more than other deals - Telegraph

[Unix]

'Market leading' 1.09pc mortgage costs almost £200 more than other deals - Telegraph

Yep, the headline rate is to catch idiots like MF

[DimPrawn]

Yep, the headline rate is to catch idiots like MF

^This

Like the car leases, brand new Aston Martin for £400/month*



£40K deposit required, 36 payments of £400 per month, plus final payment of £40K.

[fullyautomatix]

^This

Like the car leases, brand new Aston Martin for £400/month*



£40K deposit required, 36 payments of £400 per month, plus final payment of £40K.

To be fair, most car sales happen to such dubious marketing. Go outside a BMW Mini sales room and there is a very large 199 per rmonth advertisement to entice the muppets who just think that suddenly they are able to afford a Mini. What they dont realise is that if they could afford it, they would have had the cash stashed from saving that amount every month for the past few years.

[MarillionFan]

Yep, the headline rate is to catch millionaires who play the system like MF

FTFY

[MarillionFan]

HSBC launch the lowest ever 5 year fixed rate mortgage in history on Monday. Incredibly good deal for a 5 year fix.

HSBC launches first sub-2% five-year fixed mortgage | Money | The Guardian

So I headed into the local branch of HSBC this morning to have a chat, and lo and behold, they didn't know a bloody thing about it!

So great marketing HSBC, you tell the world, but not your own staff.

Wasn't that great.

It has a limit of 500k. I wanted to borrow 650K and so they split it over two mortgage applications with two different rates. Overpayment was 20% per month(of your monthly payment), which you had to do each month, so therefore no bulk overpay. Only give you interest only, if you join their bank and pay all your wages in, and then only if you put down 40% and have a separate repayment vehicle, which was not your house.