HSBC Fixed 1.69% until 31/05/2020
Which? customer score 65%
Assumed borrowing of £125,000 over 25 years, representative 4.6% APRC. Total amount payable: £211,289.00. Includes interest of £84,492.00, Valuation fee of £0, Booking fee of £1,797 and Administration fee of £0. Repayments: 23 monthly repayments of £511.16 at 1.69% (fixed), then 277 monthly repayments of £713.85 at 5.00% (variable).
HSBC customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
65%Fair |
Eligibility
| Maximum age | 75 |
|---|---|
| Minimum age | 18 |
| Location | Any |
| Restricted location note | N/A |
| Existing customer note | You must be an HSBC Premier or Advance customer. |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | Purchase, Remortgage, Buy to let |
|---|---|
| Deal type | Fixed |
| Tracker type | N/A |
| Payment options | Interest only, Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | You can overpay up to 10% of your outstanding balance per year without incurring an Early Repayment Charge. |
| Offset mortgage | No |
| Help to Buy mortgage | No |
| Shared ownership mortgage | No |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | Yes |
Product fees
| Arrangement fee | £0 |
|---|---|
| Arrangement fee can be added to loan | No |
| Booking fee | £1,797 |
| Telegraphic transfer fee | £30 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £10,000 |
|---|---|
| Maximum borrowing amount | £2,000,000 |
| Minimum term (years) | 5 |
| Maximum term (years) | 30 |
| Initial deal end date | 31.05.20 |
| Initial deal length (months) | 24 |
| APRC | 4.63% |
| Initial rate | 1.69% |
| Revert-to rate | 5.0% |
| Maximum LTV | 60.0% |
Other charges
| Exit fees | £0 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | N/A |
| Early repayment note | 2% then 1% until end of fixed period |
Standard benefits
| Valuation admin fee excluded from any refund offer | Yes |
|---|---|
| Maximum free valuation | £0 |
| Cash back amount | £0 |
| Further notes about benefits | N/A |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Free |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Free |