HSBC Launch Help To Buy Mortgage Deals Go compare with our comparison table

HSBC Launch Help To Buy Mortgage Deals

28 November 2013 / by Isabel Buxton

HSBC has launched a range of Help to Buy mortgages as part of the Government’s latest Help To Buy scheme, with rates of between 90% and 95% LTV launching later this year.

2 year or 5 year fixed rate mortgages on offer

Mortgages on offer will include a 4.79% 2 year fixed rate or a 4.99% 5 year fixed rate, both of which will require a minimum deposit of £10,000. All 90-95% LTV mortgages will only be sold on an advised basis in HSBC branches and will only be available to borrowers looking to purchase, although the HSBC has hinted that it may include remortgage customers in these deals at a later date.

Help for First Time Buyers

“We want to support our home owning and home buying customers and recognise that particularly for first time buyers, building the necessary deposit can be a real challenge,” said Antonio Simoes, CEO of HSBC in the UK. “HSBC already offers some of the most competitive higher LTV mortgages in the market” he continued, “and currently promise to beat or match rates from our high street competitors at 90% LTV. By participating in Help to Buy, we will go further and offer mortgages up to 95% LTV."

 

See the table below to compare the latest Help To Buy mortgage deals:

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

 

© Fair Investment Company Limited

Help To Buy Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed
Help to Buy

3.81%

Reverts to 3.75%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

3.81%

Reverts to 3.75%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

3.88%

Reverts to 4.24%

2

Years

95%

NoMore Info >
£400 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.
Fixed

3.99%

Reverts to 4.70%

3

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.
Fixed

3.99%

Reverts to 4.70%

3

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

4.39%

Reverts to 4.24%

3

Years

95%

NoMore Info >
£400 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

4.63%

Reverts to 4.00%

5

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

4.63%

Reverts to 3.75%

5

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.
Fixed
Help to Buy

4.68%

Reverts to 4.24%

5

Years

95%

NoMore Info >
£400 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above help to buy mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063