HSBC Premier is the latest bank to offer lower fixed home loan rates.


HSBC’s new two year rate has dropped by 23 basis points and its four year rate dropped 25 basis points.
While offering these lower rates HSBC is still offering customers insurance incentives on its Premier insurance packages that can allow a further 1% to be knocked off their fixed home loan rates.
“With the European debt crisis in full swing a number of investors are looking for financial certainty in areas they can control – such as with their home loan, which is why fixed rates can be so attractive to them at the moment,” HSBC’s head of retail and wealth management John Barclay says.
It has also seen a trend amongst its Premier customers of mixing their home loan rates between fixed and floating to give themselves options says Mr Barclay.
HSBC’s floating rate is currently at 5.99%.
HSBC’s new Premier fixed home loan rates:
6 months 5.49 %
1 year 5.65 %
2 years 5.87%
3 years 6.40 %
4 years 6.80 %
5 years 7.20 %

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s