HSBC 'offering homeowners repayment certainty'

09-Apr-2008

HSBC is giving consumers some peace of mind by matching repayments on their previous fixed-rate mortgage when they switch to the lender.

For the next five weeks, property owners will be able to apply for Rate Matcher, which will offer affordable housing by matching rates as low as 4.54 per cent for the next two years.

The bank has said it will accept applications from homeowners whose fixed-rate mortgage is due to end before June 30th this year.

Commenting on the product, Martijn Van Der Heijden, HSBC head of mortgages, said: "Many homeowners are worried about their monthly repayments going up and we can help take away that anxiety.

"Rate Matcher helps customers plan budgets over the medium term and eases the shock of seeking new borrowing when old rates expire. We're pleased to be in a position to help."

Elsewhere, HSBC announce that it will decrease its standard mortgage rate by 0.25 per cent.

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