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HSBC remortgage deal proves popular
Tue, 29 Apr 2008
The HSBC Rate Match mortgage deal has been well received by consumers, a new survey has found.

A study, conducted by fairinvestment.co.uk, found that 26 per cent of respondents said they would be applying for the mortgage product.

Under the deal, people can remortgage to HSBC and it promises to match their current fixed-rate for two years.

The remortgage deal is on offer to anyone whose current product is set to end before June 30th.

David Doulton, director at Fairinvestment..co.uk, said: "The HSBC Rate Matcher mortgage appears to be a really attractive deal for consumers.

"Many mortgage lenders have withdrawn deals or raised prices, so matching their current deal could offer homeowners a ray of hope."

Last week Katie Tucker, technical manager at broker John Charcol, claimed that the mortgage market will take a long time to recover.

She believes that the Bank of England's offer to help out mortgage lenders will not provide the market with a quick fix.

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