As part of the promotion, HSBC will lift all mortgage fees including booking, standard evaluation, exit and GBP30 completion fees. There is also no higher lending charge and no mortgage account servicing fees.
Rob Chesters, head of mortgages at HSBC said: With some lenders recently bowing to pressure to scrap their exit fees, HSBC has decided to stay one step ahead by removing all fees on its standard mortgage range until the end of September.
This will enhance HSBC’s reputation for providing transparently priced mortgages which offer real long-term value. Sadly some lenders will simply look to rename their exit charge or bump up fees elsewhere, however HSBC customers can rest assured, the rate they see is all they will pay.
The promotion supports the bank’s stance as a transparent lender and follows on from its campaign against mortgage exit fees, HSBC said.
However, although the lender is scrapping its fees to make its mortgage products more attractive, This is Money claims that HSBC’s rates are one of the highest on the market. Home owners could therefore find a more competitive deal paying fees.
