HSBC Mortgages

HSBC is billed as the worlds local bank they have their headquartered in London. HSBC is one of the largest banking and financial services organisations in the world operating in 82 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. In the UK, it is one of the country’s leading banks, with over 1600 branches nationwide.

HSBC mortgages come in a whole range of different offers, for example, if you are buying your first property you can share the cost with up to 3 others. Also with the HSBC’s Graduate Mortgage they will consider a loan-to-value rate of up to 100 % of the property’s price.

Remortgaging with HSBC is also relatively simple, with the HSBC paying all of the transfer fees on the deal as well as offering you a wide variety of interest rates and fee combinations.

HSBC Bank have a wide range including fixed-rate offers for those who want to pay a set rate each month, and tracker rates, whereby the rate you pay will move in line with the Bank of England base rate.

You might also like to consider other HSBC mortgages such as buy to let, graduate, offset and discount, capital repayment mortgage, interest only mortgage, pension mortgage, and the Home Start mortgage.

HSBC Holdings plc/shares are held by around 200,000 shareholders in over 100 countries and territories.

Through an international network linked by advanced technology, HSBC provides a range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.

Currently HSBC is offering a good promotion: “all standard and fixed and tracker rate mortgages are currently free”. This means: no booking fee, no standard valuation fee and no completion fee.

Another advantage of the HSBC mortgage is that currently there is no exit fee while other lenders, such as Alliance & Leicester, charge the borrower with £295. HSBC has removed the fees on its mortgage until September 30th.
HSBC hopes that this move will allow current and new customers to compare its mortgages with other leading lenders.

HSBC has waived fees for booking, standard valuation, completion, exiting, higher lending and account servicing.
Rob Chesters, HSBC’s head of mortgages, said the move puts the bank “one step ahead” of other lenders that have only removed their exit fees.

“This will enhance HSBC’s reputation for providing transparently priced mortgages which offer real long-term value. Sadly, some lenders will simply look to rename their exit charge or bump up fees elsewhere, however, HSBC customers can rest assured, and the rate they see is all they will pay”, he said.

Last week, the Woolwich launched a lifetime tracker mortgage that had no application fees.