Last of the sub-4% fixed mortgages disappear as HSBC hikes rates
Homebuyers and homeowners looking to bag a sub-4% mortgage rate have until the end of today to bag the last one before they disappear.
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Homebuyers and homeowners looking to bag a sub-4% mortgage rate have until the end of today to bag the last one before they disappear.
HSBC will raise fixed-rate residential and buy-to-let loans tomorrow (23 February), which looks set to see the last of sub-4% prices withdrawn by mainstream lenders. The bank's changes will include: Existing residential customer switching Two- and three-year fixed fee savers at 60%, 70%, 75%, 85%, 90% and 95%
HSBC to increase rates on fixed-rate products as markets lose optimism for a spring Bank Rate cut
The last-standing sub-4pc fixed mortgage deal is to disappear from the market tomorrow as lenders respond to the likelihood that interest rates will reduce at a slower pace than previously thought.
Homeowners looking to remortgage will therefore have until the end of today to bag Santander's five-year fixed rate at 3.99% with a £999 fee attached.