HSBC launches homeowner loan sale by Finance News Bulletin

Published: 07/12/07

Bankruptcy is "becoming more and more palatable" to those in serious debt, according to Thomas CharlesThree-quarters of populace in the UK do not appreciate how a one per cent difference in mortgage tax would affect their loan, according to new researchThe product has been described by the lender as "market-leading" and offers a set rate of 517 per cent for five years

obtainable for a limited time, the mortgage forms part of the HSBC Green auction, which contributes £2 to an environmental fund for every linked product soldThe loan has no booking or exit fees and is obtainable for new and obtainable customers at up to 90 per cent loan-to-valueIn particular, Mike Oliver, manager of the sale, emphasises the possible benefits of no exit cost"[They] can wipe out the savings made by re-mortgaging so it's vital to be acquainted with all the costs associated with your new mortgage before switching," he remarked

The HSBC Green auction also includes a zero per cent credit card

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