MoneyExpert: HSBC Launches Homeowner Loan Sale

January 6th, 2007 No Comments » | POSTED BY ROB

A new homeowner loan has been launched by HSBC as part of a sale the bank is conducting.

The product has been described by the lender as “market-leading” and offers a fixed rate of 5.17 per cent for five years.

Available for a limited time, the mortgage forms part of the HSBC Green Sale, which contributes £2 to an environmental fund for every associated product sold.

The loan has no booking or exit fees and is available for new and existing customers at up to 90 per cent loan-to-value.

In particular, Mike Oliver, manager of the sale, emphasises the potential benefits of no exit fees.

“[They] can wipe out the savings made by re-mortgaging so it’s vital to know all the costs associated with your new mortgage before switching,” he remarked.

The HSBC Green Sale also includes a zero per cent credit card offer and discounts available on insurance products.

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