4
Aug
Homebuyers 'should take advantage of low mortgage offer'
HSBC's latest mortgage offer could come as good news for estate
agents.
This is because the bank's recently launched five-year fixed-rate
mortgage comes with its lowest ever rate - a product which is
likely to encourage first time buyers to get their foot on the
property ladder.
HSBC's mortgage has a fixed-rate of 3.85 per cent for the first
five years on mortgages with 60 per cent loan-to-value, while
homebuyers can access rates of 4.89 per cent for its seven-year
fixed-rate mortgage.
In addition to this, the financial services provider has also
announced that its 2.19 per cent tracker mortgage is available to
buy with a reduced fee of £99 for the next two weeks.
The complexity of the mortgage industry has led more people to seek
financial advice from mortgage brokers, according to Paragon
Mortgages' Financial Adviser Confidence Track survey.
It revealed that 24 per cent of advisers expected to handle ten per
cent more mortgage enquiries during the next quarter of
2010.