HSBC Offers Rate Matcher Deal To All UK Homeowners

Wed, 09 Apr 2008

HSBC has announced its mortgage Rate Matcher offer will be extended to all UK homeowners from April 14.

The extension to the offer, which originally launched in February to HSBC’s existing customers only, will allow borrowers to match old rates as low as 4.54 per cent for a further two years old rate by switching to HSBC .

The new deal will be available to customers at HSBC branches over the next five weeks, although acceptance will depend on whether their fixed-rate product is due to mature before 30 June 2008.

Borrowing is limited to 80 per cent loan to value and the maximum loan will be £250,000, although HSBC said that customers with loans larger than £250,000 can still make use of their rate matcher allowance and top up with another HSBC mortgage for the rest of their required funds .

The bank will also charge borrowers a fee to match their old fixed-rate, with the size of the fee being dependant on the interest rate and size of loan requested.

"Many homeowners are worried about their monthly repayments going up and we can help take away that anxiety," said the bank’s head of mortgages Martijn Van Der Heijden.

"Rate Matcher helps customers plan budgets over the medium term and eases the shock of seeking new borrowing when old rates expire. We're pleased to be in a position to help," he added.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.