EXPIRED - HSBC Life Time Tracker Mortgage - BOE Base Rate +0.99%

Lol you may wanna edit your title so it reads "HSBC" and not "HSBE"

TERMS & CONDITIONS http://www.hsbc.co.uk/1/2/popups/mor...4Dav:12c58sh8k

Pricing packages
There are two Pricing packages available:

Fee Free pricing
No booking, valuation or completion fees are payable.
Standard Professional Valuation provided at no cost. However if you require a more thorough check, such as a Homebuyer Report or Building Survey, you will have to pay the difference between this cost and the cost of a Standard Professional Valuation.
Good Deal as long as interest rates stay low, IF they go up your going to pay LOADS with whatever deal you have except a fixed rate

Standard pricing - A right rip off
A non- refundable Booking Fee is payable when your application is agreed in principle and the tracker, fixed or discount rate is booked. The Booking Fee is currently £499 unless otherwise stated.
A completion fee is payable when the loan is drawn down to cover the administration costs and the electronic transfer of funds to your solicitor or other third party. The current fee is £30.
We may require a Professional valuation of your property. You will need to cover this cost. However if you require a more thorough check of the property you should obtain either a Homebuyer Report or Building survey.
Find out more about our current Valuation Fee Scale.
If you take out more than one loan at the same time (e.g. Mortgage and HomeOwner Loan) you must take both products on the same pricing package. Booking fees are individual to each rate offered, so customers booking multiple loans at the same time, will pay a booking fee for each different rate selected other than in the Fee Free Package. If you take more than one loan on the same rate at the same time (e.g. Mortgage and HomeOwner Loan both on 2 year fixed) then only one booking fee is payable if taken on the standard option.

You will pay a higher interest rate if the total amount of borrowing secured against your property exceeds a certain proportion of its current value.

Customers transferring their primary residential mortgage to HSBC from another lender may not always incur a Completion or Valuation Fee.

Mortgage Special pricing package

Remortgage tracker

A non-refundable Booking Fee is payable when your application is agreed in principle and the rate is booked. The booking fee is currently £599 unless otherwise stated.
Mortgage transfer deal
Where incurred we'll pay for:

any enquiry fee charged by your current lender,
standard valuation fee for your property
a completion fee
any district Land Registry search and registration fees
Provided the loan and property continue to be held in the same name(s) and the property remains as your main residence. We will also prepare the legal documentation in house for you at no cost. If you prefer to take independent legal advice, you will need to arrange and pay for it yourself.

If your existing mortgage is subject to tie-ins and/or early repayment charges you will need to cover this cost. This offer only applies to properties in England and Wales and non complex cases.

Alternative offers apply to homeowners in other locations and for complex cases. Please contact us for further information.



2 Year Fixed Rate and 2 Year Discount Rate

A non- refundable Booking Fee is payable when your application is agreed in principle and the fixed or discount rate funds is booked. The Booking Fee is currently £999 unless otherwise stated.
A completion fee is payable when the loan is drawn down to cover the administration costs and the electronic transfer of funds to your solicitor or other third party. The current fee is £30.
We may require a Professional valuation of your property. You will need to cover this cost. However if you require a more thorough check of the property you should obtain either a Homebuyer Report or Building survey. Find out more about our current Valuation Fee Scale.
Customers transferring their primary residential mortgage to HSBC from another lender may not always incur a Completion or Valuation Fee.




HSBC Premier pricing
Premier customers enjoy preferential interest rates, with at least a 0.30% reduction compared to other customers. This preferential 0.30% discount may not be used in conjunction with any other promotional mortgage offers.

HSBC Bank Account Plus pricing
Bank Account Plus customers enjoy preferential interest rates, with at least a 0.20% reduction compared with other customers, on some mortgage rates. This offer may change from time to time. This offer may not be used in conjunction with any other promotional mortgage offers.

HSBC Fixed Rate Mortgage
Our HSBC Fixed Rate Mortgages are available on our Fee Free or Standard pricing packages at the published fee. However they are subject to an early repayment charge:-

Early repayment charge

You may increase your standard monthly payment by up to 20% during the fixed rate period, without incurring an early repayment charge.
You will be liable to pay us an early repayment charge when you increase your standard monthly payment by more than 20% or repay, by any other method, the whole or any part of the mortgage, over and above your standard monthly payment, during the fixed rate period.
The charge will be 1% of the amount repaid early for each remaining year of the fixed rate period, reducing on a daily basis. For example, if there are 2 years of the fixed rate period remaining, the charge is 2% of the principal amount being repaid. If there are 18 months of the fixed rate period remaining, the charge is 1.5% of the principal amount being repaid.
The early repayment charge also applies to a fixed rate mortgage that is converted to another fixed rate or any other rate before expiry of the fixed rate period. At the end of the fixed rate period you are free to repay your mortgage without charge - there are no extended tie-ins.
We will confirm any costs payable before you take the loan.

HSBC Discount Rate Mortgage
Our HSBC Discount Rate Mortgages are available on our Standard pricing package at the published fee. However they are subject to an early repayment charge:-

Early repayment charge

You may increase your standard monthly payment by up to 20% during the discount rate period, without incurring an early repayment charge.
You will be liable to pay us an early repayment charge when you increase your standard monthly payment by more than 20% or repay, by any other method, the whole or any part of the mortgage, over and above your standard monthly payment, during the discount rate period. The charge will be 1% of the amount repaid early for each remaining year of the discount rate period, reducing on a daily basis. For example, if there are 2 years of the discount rate period remaining, the charge is 2% of the principal amount being repaid. If there are 18 months of the discount rate period remaining, the charge is 1.5% of the principal amount being repaid. The early repayment charge also applies to a discount rate mortgage that is converted to another discount rate or any other rate before expiry of the discount rate period.
At the end of the discount rate period you are free to repay your mortgage without charge – there are no extended tie-ins.
We will confirm any costs payable before you take the loan.

HSBC Tracker Rate Mortgage
Our HSBC Tracker Rate Mortgages are available on our Fee Free or Standard pricing packages at the published fee. Our tracker rate Mortgages are not subject to an early repayment charge so you can make unlimited overpayments to your HSBC Tracker Rate mortgage without any charge. We will confirm any costs payable before you take the loan.

HomeOwner Loan
Our HSBC HomeOwner Loans are available on our Fee Free or Standard pricing packages at HSBC fixed, discount or tracker rates.
HomeOwner Loans on a tracker rate are not subject to an early repayment charge and you can make unlimited repayments without any charge. However, if you choose a fixed or discount rate you will have to pay an early repayment charge if you repay your loan early.

Early repayment charge for fixed or discount rate HomeOwner Loans

You may increase your standard monthly payment by up to 20% during the fixed or discount rate period, without incurring an early repayment charge. You will be liable to pay us an early repayment charge when you increase your standard monthly payment by more than 20% or repay, by any other method, the whole or any part of the mortgage, over and above your standard monthly payment, during the fixed or discount rate period.
The charge will be 1% of the amount repaid early for each remaining year of the fixed or discount rate period, reducing on a daily basis. For example, if there are 2 years of the fixed or discount rate period remaining, the charge is 2% of the principal amount being repaid. If there are 18 months of the fixed or discount rate period remaining, the charge is 1.5% of the principal amount being repaid. We will confirm any costs payable before you take the loan. .......................ETC

Blimey that was a long post big-boy.

Have to say I have just checked Nationwide. All their products now have no fee for existing customers. Dunno about new ones and rates have all reduced. AT LAST!!!

Oops! Thanks fixed it.

Hotukdeals really isn't the best place for finance deals like this. You can find mortgages or loans or whatever you want on best buy tables then talk to the bank directly or a broker. Looking at headline informaation in isolation gives very little idea if it would be suitable or available.

Good of people to try posting cheap deals but with mortgages it really makes sense to do a lot of research - I know for instance that for some people this would be thousands of pounds more expensive than other deals available but for others it may be a good buy.

http://nationwide.co.uk/newproducts/..._info_08082008 What's a good deal ATT ???

Exclusive Switcher Loyalty Products
no reservation fees
with a fixed rate your interest rate is fixed for a period of time
with a tracker rate your interest rate tracks the Bank of England base rate†
at the end of the fixed or tracker rate period you move to our variable Base Mortgage Rate (BMR) for the remainder of the mortgage term
no extended tie in after the fixed or tracker rate period

Just swithced, fee free for a lower rate than was going to book on a month ago. Glad I waited, no doubt will get better but am happy right now!!

I can't do a picture......... am not that clever!

HSBC do 0.79% above BoE base rate life tracker aswel with £599 setup fee. Would probably work out cheaper in long run.

Thanks for pointing this out though. Worth thinking about.

I took out a Woolwich lifetime offset tracker (0.59% above base rate) with no arrangement fees, no tie ins, unlimited overpayment, no penalty clause or early repayment fee, no valuation fee, no solitictor fees, etc, about 2 and a half years back. Might be worth checking to see if they/barclays are still doing a similar type of deal. I haven't switched since then, as this product suits my needs perfectly. Obviously, offset isn't the best option for everyone.

thanks to the original poster, my fixed deal is expiring soon and this doesn't seem too bad a deal. will compare to other mtge deals @ moment using online websites to see which is the best but thanks for the heads up.

Wow, thanks for the heads up bankofmumndad, I was quoted the 5.74% 3 year tracker with Nationwide as our current mortgage with them is due to expire and was not too delighted with having to pay a £599 reservation fee to stay with them, but you're quite right, they've obviously decided to scrap it, FANTASTIC! Rep added, cheers!

I'm glad my life time tracker is only +0.34% above base with no fees - I signed up about 8 months or so ago - the deals are nowhere near as good now.