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HSBC – Lifetime Tracker Fee Free – Direct

HSBC – Lifetime Tracker Fee Free – Direct

Type: Tracker mortgage

Tracker term: Life of loan

Tracker rate: 2.39% above the Bank of England base rate

Minimum loan: £10,000

Maximum loan: Up to 70% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: free valuation, free legal fees for remortgages

Flexible features: Unlimited overpayments, interest calculated daily

Arrangement fee: None

Redemption fee: None

Introducer’s fee: None




Some TLC for BTL

News of would-be first-time buyers being priced out of homeownership has been rife for years but recent data shows that with rental costs hitting all-time highs, many are finding this supposedly cheaper alternative becoming increasingly unaffordable. Figures produced for Guardian Money by Halifax show the average monthly rent across the UK has risen to £722. […]

Clydesdale and Yorkshire launch second RMBS in two months

Clydesdale and Yorkshire Banks have launched their second securitisation in as many months. Clydesdale Bank and Yorkshire Bank Home Loans, a subsidiary of Clydesdale, originated the mortgages backing the notes. The transaction represents the third issuance out of the Lanark master trust and has been given a provisional AAA rating by rating agency Moody’s. It […]


Regulator rejects churn claims over RDR top-up commission upheaval

The FSA has rejected industry concerns that its ban on legacy commission will lead to churning due to providers’ inability to switch off commission generated on top-ups to existing investments. The regulator published its consultation paper on the treatment of legacy assets under the RDR last week. It confirmed that legacy commission, paid in cases […]


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