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Record low rates hit mortgage market (but beware the hefty fees)


TSB last week launched a similar deal, offering remortgaging homeowners the chance to borrow up to £1 million and get £300 cashback too. The lowest rate available last month was 0.99 per cent from TSB.
Rob Gill, managing director at Altura Mortgage Finance, says: ‘The bun fight among lenders for low loan-to-value mortgages continues with this latest salvo from HSBC.
‘Great news for borrowers with high deposits or levels of equity, especially for well-prepared remortgage borrowers who have the time to shop around. 
For those with the right circumstances, these record-low rates can offer huge savings to borrowers coming to the end of an existing rate.’ ....

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