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New deals could boost UK mortgages demand

Date: Tue, 11 Apr 2006

A major UK mortgage provider has announced a complete revamp of its current products to help boost demand.

HBSC is hoping that its new mortgage products will offer potential customers more choice as well as ensuring "simplicity, transparency and long-term value".

The bank is offering three standard UK mortgage deals – tracker, discount and fixed, with three separate pricing packages for each different product including fee-free, standard, with a free of £399, and saver deals, which have a booking fee of £599, and are aimed at those buyers who can afford initial higher mortgage costs to secure a lower rate.

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

"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," she added.


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