HSBC Fixed Rate Mortgage
Our Mortgage Service - Why choose us?
Special features of what we offer include:
- Get the best fixed rate mortgage deals in the UK
- Whole of market service - we work with most UK lenders (Including HSBC)
- Access to leading market mortgage rates
- Access to exclusive loan deals not available on high street
- Fast turnaround - speak to us today if you need to move quickly
- We have lenders who will take into account previous defaults and missed payments
- Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
To investigate your fixed rate mortgage options call our mortgage team on 0117 313 7780 or fill in our call back form.
The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support.
"We know that the internet is the first port of call for many people when looking for mortgage solutions; our view is, yes use the internet to do your own research , but then bring it to us and we’ll let you know how your findings compare and then give you the information and advice you need - so that you can make the right decision for your future.” Adam Arnott, Head of Mortgages & Protection
HSBC Fixed Rate Mortgage
What is a Fixed Rate Mortgage?
A fixed rate mortgage is a loan that has an interest rate that is fixed for an initial term. This means that during the fixed rate period your mortgage repayments will remain the same, regardless of fluctuating variable rates or the Bank of England’s base rate. Some of the main reasons prospective home buyers look to take out fixed rate mortgages over a tracker deal is because:
It’s easier to budget- You know exactly what you’re paying with a fixed rate mortgage which makes it easier to budget and forecast your expenditure.
Potential for savings – As the interest rates do not fluctuate on a fixed rate mortgage, you have the opportunity to save on your repayments if the SVR increases.
Short term commitment - If you are unhappy with a 2 year fixed rate mortgage you can change to different mortgage deal after the fixed rate has elapsed (bear in mind that exit fees or early repayment charges may apply in these circumstances) .
Why choose a fixed rate HSBC Mortgage?
HSBC currently offer a range of competitive fixed rate mortgage deals. You can pick up a fixed rate mortgage over 2, 3 or 5 year periods. At the end of the fixed rate period you will then revert to the HSBC variable rate unless you successfully apply for another fixed rate or tracker mortgage.
What are the payment choices on a HSBC fixed rate mortgage?
HSBC currently offer customers two methods of repaying their mortgage, and their availability is likely to vary depending on your personal circumstances.
1. Capital Repayment
With a capital repayment plan, your monthly payment covers the interest charged on your mortgage and it also reduces the outstanding balance each month with the term selected. This repayment plan ensures that your mortgage is fully paid off by the end of the mortgage period.
2. Interest Only
With an interest only mortgage, your monthly payment covers only the interest on your loan, enabling you to invest to pay off your mortgage at the end of the mortgage term or freeing up cash to spend elsewhere. By repaying only the interest on your mortgage, your monthly repayments are lower than with an equivalent capital repayment mortgage.
HSBC started as the Hong Kong and Shanghai Banking Corporation in 1865. In 1990, HSBC moved its headquarters from Hong Kong to London, where HSBC became an official UK institution.
Today, HSBC is the world's largest banking group, providing banking services to customers across the globe, with a presence in hundreds of countries worldwide. HSBC now offers a broad spectrum of mortgage deals to suit the needs of many different borrowers.
If you’re thinking about taking out a fixed rate mortgage with HSBC, why not use our fixed rate mortgage calculator to compare their deals with a range of other competitive deals.
Additionally, if you would like to find out more about what a HSBC fixed rate mortgage can offer you or how to switch; you can call on of our expert current account advisers on 0117 313 7780 for a free initial consultation.