Mirror - HSBC cuts cost for customers 'from Thursday' in 'welcome move'
Tags: Press Commentary
HSBC has made an announcement this morning confirming a cost cut for customers from tomorrow.
Aaron Strutt, product and communications director at London-based Trinity Financial, said HSBC would now likely have deals below 5% once again.
He added: "It looks like HSBC will be offering sub-5% fixes from tomorrow which is another step in the right direction. HSBC currently has a two-year and five-year fix at just over 5%. It has been an unusually quiet week with very few changes from the big banks and building societies bringing some welcome stability.
“With so much talk of base rate rises and the war in Iran dragging on it seems unlikely fixed rates will get a huge amount cheaper but the mortgage market is notoriously hard to predict. Thankfully there are lots of rates to choose from well below 6%.”
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