HSBC mortgages 'will help lower costs'

Tuesday, 12 April 2011 12:00

Zero-fee tracker mortgages are being offered by HSBC, which could prove an attractive option for those looking for a new deal.

As part of the offer consumers will not be charged a completion fee, standard valuation fee or booking fee.

Head of mortgages at HSBC Stuart Beattie stated the firm has been told by homeowners that they want to help their budgeting by switching to a better value mortgage.

"Our zero-fee trackers allow them to reduce monthly outgoings with minimal hassle and cost," he said.

Mr Beattie added people can change for free, providing their existing lending does not charge an exit fee.

The offer is available until June 5th 2011 and might appeal to customers currently with the likes of Royal Bank of Scotland, Lloyds TSB, Halifax, Santander and Natwest, who all have no charges in place.

Research by Kantar Media revealed that in 2010 the most best-buy mortgages were offered by HSBC and first direct.

Use the comparison tools to find the best deal on a mortgage 

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