The Telegraph - Homeowners have days to grab ‘lowest ever’ mortgage rate at 0.74pc
Tags: Press Commentary, The Telegraph
Homeowners have days to take advantage of some of the lowest interest rates ever seen in the mortgage market.
HSBC is currently offering a two-year tracker loan which charges 0.64% above the Bank Rate of 0.1%. Industry experts said this 0.74 deal was the lowest ever interest rate available for new mortgage business.
Aaron Strutt of Trinity Financial, a mortgage broker, said he expected this loan would be withdrawn from sale early next week. He told The Telegraph: “You have a matter of days to get this rate.”
He said recent weeks had demonstrated the value in taking out a tracker mortgage. “About 95% of mortgages are on a fixed-rate basis, but if you’d taken out a tracker a couple of months ago your rate would have effectively halved.”
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