27 Jan

New mortgage deals for houses for sale in UK

New mortgage deals for houses for sale in UK

HSBC has added new mortgage deals to its portfolio providing more options for people looking to buy houses for sale in the UK.

Following an increase in demand for longer term fixed rate home loans, the bank has launched several new deals.

New mortgage offers include a five-year fixed-rate at 4.29 per cent, with a £99 fee, and a seven-year fixed-rate at 4.69 per cent with a £999 fee.

The new loans are part of HSBC's January sale, due to end on February 6th.

Stuart Beattie, HSBC's head of mortgages, said: "Customers who want to lock into a fixed mortgage may need to act fast if they want to get the lowest rates."

People looking for houses for sale may want to secure a long-term mortgage while interest rates are low, amid speculation that rates may rise later this year.

The Bank of England's Monetary Policy Committee voted to maintain the base rate at 0.5 per cent earlier this month.ADNFCR-1222-ID-800368515-ADNFCR

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