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9 April: Hopes For Sustained Competition Between Lenders
HSBC has cut selected fixed rates by up to 0.11 percentage points as it aims to grab a larger share of the mortgage market.
Among the standout deals in its latest round of repricing is a two-year fixed rate for remortgage at 4.68% with a £999 fee.
It brings the high street bank in line with the current best buy two-year remortgage deals on offer from NatWest, at 4.69% with a £995 fee, and also from Barclays, which has a deal at 4.68% with no arrangement fee. Borrowers need at least 40% equity in their property to be eligible for these deals.
NatWest offers a lower two-year fixed rate at 4.64% but this is for an online-only mortgage, where customers must apply and manage the account solely online.
HSBC is also offering a…
