Mortgage price war heats up with sub-0.90% rates from Halifax and HSBC
Halifax and HSBC for Intermediaries have lowered the price of their already unbelievably low two-year fixed-rate mortgages.
Halifax is offering the cheapest ever headline fixed-rate mortgage priced at 0.83% until 31.12.23, and it has a £1,499 arrangement fee. Applicants will need a 40% deposit to qualify and borrow between £250,000 and £1 million. The mortgage reverts to the lenders 3.59% standard variable rate, and the APRC is 3.2%.
Aaron Strutt, product director at Trinity Financial, says: "Rates are mind-bogglingly cheap now. Even if you do not have a 40% deposit to access these crazy-cheap deals, there is a wide selection of sub-2% rates."
HSBC for Intermediaries has a rate of 0.89%, and it is fixed until 30.11.23. It has a £999 arrangement fee, applicants will need a 40% deposit to purchase or remortgage a property, and the maximum loan size is £5 million. The mortgage reverts to the lenders 3.54% standard variable rate and the APRC is 3.1%.
Call Trinity Financial on 020 7016 0790 to secure a best buy mortgage or book a mortgage consultation