LONDON (CU)_Amid the post-pandemic economic recovery, as competition in the United Kingdom’s housing market ramps up, several lenders have begun launching all-time low mortgage rates sitting below 1 per cent.
HSBC UK is said to be among these lenders, with the multinational financial service provider launching a fixed-rate mortgage at 0.94 per cent, along with several other attractive changes in this range. This two-year deal will be offered to borrowers with a deposit of 40 per cent and a £999 fee in hand. On the other hand, customers who do not desire a product fee may take out the fee-saver version for a higher rate of 1.14 per cent. “This change includes our lowest ever mortgage rate of 0.94%, plus other rates that are hitting new lows,” Michelle Andrews, HSBC UK’s head of mortgages, said.
Moreover, the bank also offers a…
