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Mortgage lender revamps deals and prices
Tue, 11 Apr 2006
Following a revamp of its mortgage offerings, HSBC claims to be the only mortgage lender that offers tailored pricing packages across its entire range of mortgage deals.

According to the mortgage lender, the new mortgage deals offer not only greater choice to those trying to find a mortgage, but also "simplicity, transparency and long-term value".

Those trying to find a mortgage can choose from three mortgage types, including a tracker mortgage, discount mortgage, or one with a fixed mortgage rate .

For each of these mortgage types, three pricing packages are available to choose from.

Those trying to find a mortgage can opt for fee-free mortgages, a standard mortgage pricing package and a rate saver deal, which has a lower mortgage rate but higher mortgage fees.

"Today's mortgage market offers borrowers a frequently bewildering array of products," comments HSBC's head of mortgages, Carina Kemp.

Ms Kemp claims that through its new mortgage range, the mortgage lender has "struck a balance between flexibility and simplicity" and in doing so, ensures that both new and existing customers get a mortgage that suits their needs.

"But, in making mortgages easy, we have not forgotten our reputation for providing value and HSBC is the only lender to introduce three pricing packages that can be added to its entire portfolio of mortgages," the head of mortgages concludes.

HSBC is one of the largest banking and financial services organisations in the world, with services in 77 countries.

It provides a comprehensive range of financial services including mortgages, savings, investments, loans and online banking .

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