HSBC has recently announced a new mortgage rate offering for residential and buy-to-let customers. The bank is offering a 5-year fixed rate mortgage of less than 4%, with a reduction of up to 45 basis points. This is a great opportunity for those looking to purchase a home or invest in buy-to-let property, as it offers a competitive rate that could save them money in the long run.
The new mortgage rate is available to both existing and new customers, and is available on loans of up to £500,000. Customers must also have a minimum deposit of 25% to qualify for the offer. The rate is fixed for five years, meaning that customers can be sure of their monthly payments for the duration of the loan.
HSBC is also offering a range of additional benefits to customers who take out the loan. These include a free valuation and legal fees, as well as a cashback offer of up to £1,000. This could help to reduce the upfront costs associated with buying a home or investing in buy-to-let property.
The new mortgage rate from HSBC is a great opportunity for those looking to purchase a home or invest in buy-to-let property. The competitive rate and additional benefits could help to save customers money in the long run. It is important to remember, however, that all mortgages come with risks and it is important to consider all options before making a decision.