HSBC to offer new long term value mortgages

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by Kay Murchie

A new range of long term value mortgage offers are now available to both new and existing customers at the HSBC.

The mortgages will be free from exit fees, in line with its commitment to concise pricing. The Standard, Plus and Premier mortgages are now available and they have no booking, valuation or completion fees.

Head of mortgages at HSBC, Rob Chesters remarked that they are committed to making the cost of their mortgages simple to understand but said the rest of the industry weren’t so determined. For instance, exit fees are difficult for homeowners to compare so HSBC are making it simpler by charging zero.

In addition, lenders are promoting their rates with fees which hit borrowers hard once they have taken the loan and also when they try to repay it or switch it.