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HSBC rolls out 90% LTV range

HSBC is launching a new range of up to 90 per cent LTV mortgage products next week, backed with £1bn of funding.

This is part of the £15bn fund that HSBC has allocated for new mortgage lending in 2009, twice what the bank lent in 2007.

The mortgages will be available to HSBC Plus account and Premier customers at a rate of 4.99 per cent, fixed for two years.

Remortgage customers will be unable to apply for the range, however HSBC says many borrowers will find their existing lender’s standard variable rate to be their cheapest option when they roll off their fixed, tracker or discount deals.

The mortgages will only be available from HSBC’s branch network.

HSBC personal financial services group general manager Joe Garner says: “Although house prices have fallen, and continue to fall, they won’t fall forever. At HSBC we are standing by our customers through thick and thin and these changes mean we can continue to give customers the best possible deal on their mortgage. This is a one billion pound commitment and it says we appreciate our customers’ loyalty.”


ABI looks at sector for cash stability

The Association of British Insurers is consulting on plans for a new fund sector to help consumers choose the right money market fund. It would run in parallel with the money market sector but identify funds with a greater focus on capital stability.

Natixis video: Making smarter use of asset classes

Content supplied by Natixis Global Asset Management This video from Natixis Global Asset Management focuses on Active Share. One strategy for the smarter use of equity investments is ensuring you get what you pay for. According to the company, looking at Active Share can give you a better perspective on where performance comes from. Active […]


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