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New mortgage from HSBC

11 April 2006
Leading high street bank HSBC has launched a new range of mortgage products in addition to its popular Homebuyer package.

The bank has added three new products to its portfolio, including a tracker, a discount and a fixed-rate mortgage. All three options will each come with a choice of pricing packages.

The new mortgage range builds upon the bank's success in the property-lending field to date, which has helped to grow HSBC's mortgage balances at double the market rate since their launch in 2000.

"Today's mortgage market offers borrowers a frequently bewildering array of products," said Carina Kemp, head of mortgages at HSBC.

"In our new range, we have struck a balance between flexibility and simplicity to ensure that customers, new and old, get the mortgage they need without adding to the headaches caused by moving house."

HSBC's existing Homebuyer variable rate of 5.5 per cent continues to be one of the best for value on the market amongst the top ten mortgage lenders on the high street, and Ms Kemp added that the company hopes the new range will cement this position.

"Our new mortgage range joins together the best of both worlds, by combining wider choice with long term value to the benefit of all borrowers - whether they are new to HSBC or already a valued mortgage customer," she said.

"We have gone the extra mile so our customers do not have to."

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