New HSBC Mortgage is Popular
By |Published On: 9th June 2010|

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New HSBC Mortgage is Popular

By |Published On: 9th June 2010|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

The introduction of the new HSBC Rate Matcher mortgage is proving to be popular among consumers in the UK.

A survey from indicated that over a quarter of respondents said they would apply for the new mortgage deal.

Rate Matcher mortgage

The HSBC Rate Matcher mortgage is open to customers who have a fixed-rate mortgage deal that is due to expire before 30th June. Available to HSBC customers since February, the deal is now open to everyone.

Non-existing HSBC customers can now take out the Rate Matcher mortgage for a set two-year period. Conditions however, are attached, including having a loan value of up to 80% and having to pay a fee of up to £5,000.[1]


David Doulton, Director at, said: “The HSBC Rate Matcher mortgage appears to be a really attractive deal for consumers. Many mortgage lenders have withdrawn deals or raised prices, so matching their current deal could offer homeowners a ray of hope.”[1]

However, less than complimentary results were also provided by the survey. 24% said that the fee makes the Rate Matcher mortgage less competitive. 18 even described the whole deal as a fabricated publicity stunt.[1]

More pleasingly, 14% said that the launch of the deal could assist the overall mortgage market, by inspiring other lenders to provide similar deals. [1]

Doulton warns: “Many people will find themselves unable to apply for the HSBC deal if they do not have a deposit of 20% and high fees could make the offer far less competitive than it originally sounds.”

New HSBC Mortgage is Popular

New HSBC Mortgage is Popular


He suggests: “Anyone looking for a mortgage deal, whether first time buyers or existing homeowners, should consider all the available options rather than opting for the first deal that jumps out at them. Although the rate is important, other factors, such as the arrangement fee, should not be overlooked.”[1]





About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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