HSBC announces new Help to Buy mortgages

HSBC has announced details of new Help to Buy mortgages for people who have at least a 5% deposit to put down.

HSBC has announced details of new Help to Buy mortgages for people who have at least a 5% deposit to put down and it looks very favourable when compared to the other mortgages on offer from Halifax/Bank of Scotland and NatWest/Royal Bank of Scotland.

HSBC will be offering a two-year fixed rate with an initial interest rate of 4.79% and a five-year fixed rate with an initial rate of 4.99%, starting on November 25. Both mortgages will start with a £99 booking fee.