Banking, Europe, Global Banking, News

HSBC Launches Britain’s First Fixed Rate Mortgage Below 1%

HSBC Launches Britain’s First Fixed Rate Mortgage Below 1%

HSBC has launched Britain’s first fixed rate mortgage with interest rate below 1%. The bank is now offering customers to chance to lock in for two years at an interest rate of 0.99%, but they would need a deposit of at least 35% and will pay a product fee of 1,499.

“HSBC has launched Britain’s first fixed rate mortgage with interest rate below 1%.”

~The Guardian

This is the cheapest fixed rate on the market and the lowest ever recorded by the financial information firm Moneyfacts. The maximum amount made available to borrowers who take out HSBC’s new mortgage is $500,000.

Related Reports: The Guardian, Financial Times

 

About Moneyfacts

Moneyfacts started life in 1988 as a six page financial fact-sheet with a revolutionary idea: to bring the best financial products together in a way that allowed for comparison. Since then much has changed at Moneyfacts, but we are still committed to our founding company values of accuracy and independence.

Visit: Moneyfacts


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

 

Previous ArticleNext Article