HSBC launches competitive first time buyer fixed rate deals Go compare with our comparison table

HSBC launches competitive first time buyer fixed rate deals

17 September 2013 / by Isabel Buxton

There could be good news for aspiring first time buyers as HSBC launches a range of 90% loan-to-value (LTV) mortgages this month. The new range includes a 2 year fixed rate at 3.59% and a five-year fixed rate at at 4.39%.


What’s more, for a limited time only, HSBC has offered to beat the equivalent offers from eight other high street contenders HSBC claims that under its ‘First for First-Time Buyers’ initiative, they will beat or match the 90% LTV offers from eight other major high street brands: Barclays, Woolwich, Halifax, Lloyds TSB, Nationwide, NatWest, Royal Bank of Scotland and Santander (but not any of their subsidiaries).


Offers on 2 year, 5 year and tracker mortgages


This offer applies to 2 and 5 year fixed rate deals, as well as to lifetime tracker mortgages for buyers with a 10% deposit. Fees are £999 for HSBC current account customers and £1,499 for non-customers – although non-customers do have the option to open an HSBC current account and pay the same fee.


However, there are a few caveats – this offer, which runs until 3rd November 2013, only applies provided that the rival deals don't charge a booking fee of more than £999. In addition, the offer excludes any subsidiaries or other trading names of the eight providers mentioned above, and the maximum loan available is £400,000.


See the table below for a selection of the latest mortgage deals for first time buyers >>

This article aims to give information, not advice. Always do your own research, and/or seek out advice from a regulated broker, before acting on anything contained in this article. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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First Time Buyer - Mortgage Deal Selection

Provider

Type

Initial Rate

Initial Term

Overall Cost for Comparison

Max LTV*Product Fee 
Fixed

2.69%

Reverts to 4.70%

2

Years

4.50%

90%

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

2.69%

Reverts to 4.70%

2

Years

4.50%

90%

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

3.69%

Reverts to 4.70%

5

Years

4.50%

90%

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

3.99%

Reverts to 4.70%

5

Years

4.50%

90%

NoMore Info >
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 first time buyer 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