HSBC launches new deal

A mortgage lender has announced the return of the "rate matcher" deal.

From next Monday (8 June) HSBC will be offering homeowners the chance to take hold of a new home loan with a low interest rate.

The lender stated that rates could be as low as 2.49 per cent as it will be using its "rate matcher" to match the avaliable standard variable rate mortgages which can also be fixed for up to five years.

Head of mortgages at HSBC, Martijn van der Heijden, said: "With the Bank Rate at a historic low it’s definitely a case of 'when’ not 'if’ mortgage rates will rise. It is in the interest of the millions of home owners enjoying exceptionally low mortgage payments to think ahead now and ask themselves by how much would rates need to rise to seriously impact their lifestyle."

However homeowners interested in the deal are being advised to hurry as it will only be avaliable for a limited period.