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HSBC launches green sale

HSBC has launched a new five-year fixed rate mortgage at 5.17% as part of its green sale.

The product has a maximum LTV of 90% and is available to new and existing customers.

The bank has linked with a number of environmental charities to launch the HSBC green sale.

For every sale product sold, HSBC will contribute £2 to a fund that will be distributed among its charity partners.

These are the Climate Group, Botanic Gardens Conservation International, Earthwatch Institute and ENCAMS, which runs the Keep Britain Tidy campaign.

Mike Oliver, manager of the HSBC green sale, says: “For the many homeowners spring cleaning their finances this January, anyone looking to remortgage should be careful to check behind the headline rate for hidden fees, charges and extended tie-ins.

“Most borrowers who choose a fixed-rate deal will remortgage at the end of the fixed rate period rather than moving to their lender’s standard variable rate.

“Exit fees and high arrangement fees charged by some lenders can wipe out the savings made by remortgaging so it’s vital to know all the costs associated with your new mortgage before switching.”

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