Mortgage Strategy - HSBC 'reignites the price war' with 1.99% 5-year fix
HSBC has launched the mortgage market’s lowest-ever five-year fixed rate at 1.99 per cent.
Trinity Financial product and communications manager Aaron Strutt told Mortgage Strategy: “A five-year fixed rate below 2 per cent not only offers borrowers fantastic value for money but it also reignites the price war. A few months ago some of the lenders were expecting rates to rise, but this seems a long way off at the moment.
“HSBC has launched stand out best buys in the past and other lenders have acted quickly to improve their mortgages. It wouldn’t surprise me if five-year fixes got even cheaper on the back of this launch.”
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