HSBC extends 1.99% discount deal
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The deal is available at 60% LTV and was launched on September 1.
The lender says that this deal has prompted a sales surge with the value of discount mortgages sold in September alone totalling £245m.
Martijn van der Heijden, head of mortgages at HSBC, says: “Our range of mortgages have topped the best buy tables for most of the year.
"We made a commitment to stay open for business and extending the 1.99% mortgage is part of that.”
HSBC announced last week that it is allocating an extra £500m to 90% LTV lending this year.
Today has seen a flurry of activity from lenders launching low tracker deals, with Woolwich, Northern Rock, Abbey, and Alliance & Leicester all cutting rates.
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