BANKING giant HSBC has launched a range of low-rate fixed mortgages which include a five-year fixed rate at 4.29%, with £99 fee, and a seven-year fix at 4.69%, with £999 fee, in a sale ending February 6.
The loans were introduced as demand for fixed-rate mortgages doubled, from 17% to 35% of all new home-loan applications across the bank.
The bank’s fixed and fee-free tracker offers have attracted the highest level of mortgage enquiries for three years.
Stuart Beattie, HSBC head of mortgages, says: “Customers keen to lock into a fixed-rate loan mortgage may need to act fast to get the lowest rates. They can secure a great deal when low-rate fixed mortgages are becoming fewer and farther between.”
HSBC enquiries: 0800 169 6333 and www.hsbc.co.uk
SMALL investors are still piling into retail shares despite the recent economic gloom, says execution-only broker TD Waterhouse.
Tesco and Marks & Spencer made up nearly a fifth of trades in this week’s top-10 buys, but Lloyds Banking Group actually topped the list followed by Royal Bank of Scotland (RBS) and oil giant BP in number three, before M&S and Tesco bagged slots four and five.
