HSBC Goes Under 4% Interest for 90% LTV Borrowers...and No Fee
LTV Borrowers see a lower interest rate.

LONDON, ENGLAND, November 24, 2011 /24-7PressRelease/ -- HSBC today (24th Nov 2011) launches its first-ever sub 4% interest rate for mortgage borrowers with a 10% deposit - a 3.84% two-year discount deal with no fee to pay.

During 2011 HSBC has continuously helped first time buyers, and those looking to move on, by offering competitive rates for customers with a relatively small deposit.

In addition to great variable rates, HSBC continues to offer two-year and five-year fixed rates at 85% and 90% LTV fee-free.

Peter Dockar, Head of Mortgages at HSBC, said: 'We are committed to supporting first time buyers and last month we pledged to make a further GBP350m available to borrowers with equity or a deposit of 10-15% by the end of the year.

'We recognise that first time buyers need help so as well as great rates with no fee options we offer our customers a free mortgage advice service in branch to help them get the right deal for them.'

As well as helping customers with a smaller deposit to get on the housing ladder, HSBC continues to offer attractive deals for those with a larger deposit.

Customers with a 40% deposit can enjoy the following great rates launched today:

- 2.39% lifetime tracker - current pay rate 2.89% (GBP999 booking fee. Valuation fee and completion fee payable).
- 3.28% five-year-fixed (GBP1,999 booking fee. Valuation fee and completion fee payable).

Press Release Contact Information:

Simon Coughlin
HSBC
SEO Executive
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London
United Kingdom E14 5HQ
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