HSBC announces new homeowner loan product by Finance News Bulletin

Published: 21/12/07

Bankruptcy is "becoming more and more palatable" to those in serious money owing, according to Thomas CharlesThree-quarters of people in the UK do not appreciate how a one per cent difference in mortgage rates would affect their loan, according to novel investigateHSBC has announced a new five-year fixed-rate mortgage after the homeowner loan obtainable in its Green Sale sold outFollowing the choice last week by the Bank of England's monetary policy group to raise the national interest rate, those looking for the best loan to suit their situation could benefit from the novel HSBC offer

The product has no exit, booking or higher lending fees, with a fixed speed of 555 per cent until March 2012In adding, it does not penalise borrowers if they overpay by up to 20 per cent monthly and interest is charged daily, as the store says this is "the fairest technique""We advise any borrower looking to lock into a fixed-rate deal to be cautious to check behind the headline speed for hidden fees, charges and extended tie-ins," he said

HSBC offers a number of options for the individual

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