• Login
SUBSCRIBE TO OUR NEWS EMAILS
Tuesday, 26 January, 2021
No Result
View All Result
BestAdvice
  • News
  • Features
  • Blogs
  • Podcast
  • Research & Reports
  • Video
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
No Result
View All Result
BestAdvice
No Result
View All Result

uSwitch hails HSBC’s five-year deal

by Kevin Rose
13 July 2012
thumbs up
Share on FacebookShare on TwitterShare on LinkedIn

thumbs up

uSwitch.com says that HSBC’s launch of the lowest ever five-year fixed term deal on the market “offers homeowners a glimmer of hope in the face of rising living cost”.

The independent price comparison and switching service said the deal was “great news” for homeowners looking for security and protection against future rate rises.

“Although it may be another year before the base rate rises, the only way for mortgage rates to go in the long term is up,” said Michael Ossei, personal finance spokesperson at uSwitch.com.

“The launch of these lowest long term five and seven-year fixed rate mortgages from HSBC will offer peace of mind without the sting in the tail of a high rate.

“However, people have to understand that with long term fixed deals there has to be a trade-off – a low rate against higher arrangement fees. And this great rate won’t be available to all – in fact with a 60% LTV and with a pretty hefty arrangement fee of £1,499, this mortgage could still be out of reach for many. First time buyers especially may struggle. But with such a low rate, and the ability to fix for five or even seven years, we may see a sharp fall in people choosing a tracker mortgage.”

Ossei hopes the product launch will “kick-off the battle to win new customers”.

He added: “Increased competition in this part of the mortgage market could also lead to a further fall in the fees and rates for longer term fixed mortgages, meaning that those who want to budget and prepare themselves for an increase in rates won’t be too heavily penalised.”

ShareTweetShare
Previous Post

CML gives its initial verdict on ‘funding for lending’

Next Post

Ageas Protect offers ‘G-Day protection promise’

Next Post
gender divide

Ageas Protect offers 'G-Day protection promise'

bankruptcy law

Brits feel bankruptcy rules too lenient

Harpal Singh

Expect an Olympic slowdown

CLICK FOR COVID-19 LATEST

CSF: telephone account managers more important than ever

CSF: telephone account managers more important than ever

26 January 2021
Fiduciam provides TVR with CBILS loan

Fiduciam provides TVR with CBILS loan

26 January 2021
Virgin Money pulls selected 85% LTV purchase deals

Accord pulls 75% and 80% deals for 10 days

25 January 2021

LIMITED COMPANY BTL REPORT

Most Popular

  • Spanish property “as cheap as it gets”

    Pepper plans fivefold servicing growth in Spain with new platform

    0 shares
    Share 0 Tweet 0
  • Openwork appoints chief commercial officer

    0 shares
    Share 0 Tweet 0
  • AMI hits out at FSCS levy hike

    0 shares
    Share 0 Tweet 0
  • Royal London unveils Helping Hand discounts

    0 shares
    Share 0 Tweet 0
  • Fiduciam provides TVR with CBILS loan

    0 shares
    Share 0 Tweet 0

Receive BestAdvice briefings

   


   


   


Recommended

South West workers lack protection cover

MetLife unveils simplified income protection for mortgages

2 weeks ago
CSF: telephone account managers more important than ever

CSF: telephone account managers more important than ever

14 hours ago

New 90% deals from the Leeds

2 weeks ago

Foundation ramps up recruitment

6 days ago
  • Subscribe
  • Advertise
  • About us
  • Contact us
  • Privacy policy
  • Terms & Conditions
SUBSCRIBE TO OUR ALERTS!

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.