HSBC 5 Year Mortgage - Fixed 1.99% !!!

[MarillionFan]

HSBC launch the lowest ever 5 year fixed rate mortgage in history on Monday. Incredibly good deal for a 5 year fix.

HSBC launches first sub-2% five-year fixed mortgage | Money | The Guardian

So I headed into the local branch of HSBC this morning to have a chat, and lo and behold, they didn't know a bloody thing about it!

So great marketing HSBC, you tell the world, but not your own staff.

[DimPrawn]

Why fix for five years at 1.99% when soon they will be -1.99% and paying you to borrow?

[MarillionFan]

Why fix for five years at 1.99% when soon they will be -1.99% and paying you to borrow?

I'd love to visit Planet Prawn.

[DimPrawn]

I'd love to visit Planet Prawn.

You sure?

Non-humans - District 9 Wiki

[vetran]

Santander have been doing 2.99 and less for ages, combine with 123 account giving 1% cashback then 1.99 for 5 years has been around for ages assuming 123 stays as is.

Found Santander knew what they were talking about.

[mudskipper]

Santander have been doing 2.99 and less for ages, combine with 123 account giving 1% cashback then 1.99 for 5 years has been around for ages assuming 123 stays as is.

Found Santander knew what they were talking about.

Good point. The cashback is limited to payments of 1K a month though.

[MarillionFan]

Santander have been doing 2.99 and less for ages, combine with 123 account giving 1% cashback then 1.99 for 5 years has been around for ages assuming 123 stays as is.

Found Santander knew what they were talking about.

Good point. The cashback is limited to payments of 1K a month though.

MF gives a look of complete incredulity at the OP and then at MS, then shakes his head at the state of education of kids today.

Would anyone at the back of the class like to point out the incredibly glaring mistake.

Not you though SimonMac, you're still on detention after your last mathematical faux pas.

[mudskipper]

MF gives a look of complete incredulity at the OP and then at MS, then shakes his head at the state of education of kids today.

Would anyone at the back of the class like to point out the incredibly glaring mistake.

Not you though SimonMac, you're still on detention after your last mathematical faux pas.

Yes, the cashback is on the repayments, not on the total mortgage. Just checking you're paying attention!

[MarillionFan]

Yes, the cashback is on the repayments, not on the total mortgage. Just checking you're paying attention!

Which is a 1% discount on the interest rate, not 1% off the interest rate.

[eek]

Which is a 1% discount on the interest rate, not 1% off the interest rate.

Depends on the length of the mortgage though doesn't it..