With the credit crisis causing many borrowers to fear an interest rate hike when their current deal expires, HSBC has offered some brighter news. HSBC is offering to match the rate borrowers currently enjoy if they remortgage . However, the offer only applies to customers whose fixed rates end before the end of April, although HSBC have said the RateMatcher deal may be extended.
Whilst a fee is charged for remortgaging, long-term savings are likely to be worthwhile given the current increase in interest rates following the sub-prime crisis. HSBC offer two example fees for remortgaging, one of £499 for a £43,500 4.99% two year fix and £999 for a £120,000 4.95% two year fix.
HSBC Create RateMatcher Loan Deal
HSBC Create RateMatcher Loan Deal
Fri, 08 Feb 2008
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