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HSBC launches market’s lowest-ever two-year fix at 1.79%

HSBC 480

HSBC has launched the market’s lowest ever two-year fixed rate mortgage at 1.79 per cent, in addition to its lowest ever five, seven and 10-year fixed rates.

The direct-only lender has launched a five-year fix at 2.78 per cent, a seven-year fix at 3.49 per cent and a 10-year fix at 3.99 per cent.

All products are available up to 60 per cent LTV and require a £1,999 booking fee.

HSBC has also launched a two-year discount rate of 1.75 per cent up to 60 per cent LTV and with a £1,999 fee.

Head of mortgages Peter Dockar says: “Last year we approved a record £19.5bn to UK mortgage borrowers and we will continue to support our customers by offering them competitive rates to help fund their property aspirations.”

HSBC is also cutting rates on a number of 90 per cent LTV mortgages. A two-year fix is available at 4.15 per cent, a five-year fix at 4.65 per cent and the rate on the lifetime tracker has dropped to 4.39 per cent.

These tracker rates are fee-free for HSBC current account holders or require a £599 booking fee for non-current account holders.

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