Customers looking to take advantage of the HSBC rate-matcher mortgage could face paying a fee of almost £10,000, it has been claimed.
According to the Times, customers looking to take out larger mortgages of up to £500,000 now face a maximum fee of £9,999.
Those looking to take out a £250,000 mortgage at a rate of 4.79 per cent will pay between £5,000 and £7,699 it adds.
Speaking to the newspaper, a spokesperson for the mortgage lender defended the move.
He said: "We had to choose between pulling the deal, increasing fees or making a loss. We believe we made the right decision."
The rate-matcher deal offers mortgage customers the chance to fix their account at the rate it now, even if the consumer is currently with another bank .
Meanwhile, Louise Cuming, head of mortgages at Moneysupermarket.com, has criticised HBOS for introducing a £245 on all its mortgage accounts .
HSBC ups mortgage fees, report claims
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HSBC ups mortgage fees, report claims
Fri, 27 Jun 2008
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