Mortgages: HSBC lowers interest bar on fixed rates

Charging under 3% for five years sets new ‘best buy’ benchmarkThe first five-year fixed-rate mortgage to charge less than 3% interest has been launched by HSBC in what mortgage brokers are proclaiming to be a “standout” deal.The bank says the loan, pegged at 2.99%, is the lowest-ever five-year fix offered to UK households. But potential […]
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On tracker for the best mortgages

If you subscribe to the view that chances of an interest rate rise are receding, then a base-rate tracker mortgage is a good betWith figures this week showing Britain has plunged into its first double-dip recession since the mid-1970s, some economists believe an interest rate rise is receding ever further into the distance. If you […]
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Tracker mortgages: a better deal than ever?

If you subscribe to the view that chances of an interest rate rise are receding, then a base-rate tracker mortgage is a good betWith figures this week showing Britain has plunged into its first double-dip recession since the mid-1970s, some economists believe an interest rate rise is receding ever further into the distance. If you […]
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Halifax to raise mortgage borrowing costs

UK’s largest lender increases standard variable rate by 0.49% – despite base rate staying steadyHalifax is set to raise the cost of mortgages for customers on its standard variable rate (SVR), despite it being three years since the last movement in the Bank of England base rate.The UK’s largest lender, part of the Lloyds Group […]
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