HSBC Flexible Mortgages | How Do They Compare To The Competition

HSBC Flexible Mortgages, How Do They Compare To The Competition

HSBC Flexible Mortgages There are two types of flexible mortgages offered by HSBC. These are tracker mortgages and offset mortgages. HSBC tracker mortgages have interest charged daily and there are no tie-ins or early repayment charges. Borrowers who have HSBC tracker mortgages can make unlimited regular or lump sum overpayments without charge.

Tracker Mortgages

There are two types of flexible mortgages offered by HSBC. These are tracker mortgages and offset mortgages. HSBC tracker mortgages have interest charged daily and there are no tie-ins or early repayment charges. Borrowers who have HSBC tracker mortgages can make unlimited regular or lump sum overpayments without charge.

Tracker Mortgages

There are six different HSBC tracker mortgages, all with different approaches to fees. Unfortunately HSBC do not publish us with their current rates, deals or charges so we cannot make easy and quick comparisons for you.

So the process to ensure that you are getting the best deal is a bit more tiresome then comparing the majority of the other mainstream and high street lenders that specialise in the offset mortgage market place.

Obtain a current rate and deal that interests you directly from HSBC
Call us at our office and simply ask us “Is there a deal out there that can beat this rate offered to me by HSBC?”
We will then make a quick, no cost, comparison for you allowing you to make an informed decision of which deal is best (or we can do this for you!)
Your choice, your decision, we will just make the comparison of lender to lender that much easier for you.

Offset Mortgage Deals

HSBC offset mortgages allow overpayment. Those whose borrowings are less than 80 per cent of the property value can also underpay. Most First Direct savings and current accounts can be linked to the HSBC offset mortgages. Borrowers can also have an offset loan at the same rate to consolidate their debts*. However underpayments and payment holidays could increase the mortgage term and/or the total amount payable.

However, please note that The Offset Mortgage Centre cannot advise on or arrange mortgages from HSBC.

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© 2007 and 2008 Offset Mortgage Centre | Terms and Conditions | Privacy Statement | We don't normally charge a fee for admistration of an offset mortgage. | The Offset Mortgage Centre is the trading name of The Mortgage Broker Ltd (a whole of market mortgage broker), which is an appointed representative of Home of Choice Ltd. Home of Choice Ltd is authorised and regulated by the Financial Services Authority | Your home may be repossessed if you do not keep up repayments on your mortgage. *Source: www.hsbc.co.uk - March 2007.