09/04/2008
HSBC Takes Advantage Of Rivals With Fixed Rate Deals
HSBC is taking advantage of rivals and is offering mortgages to people whose fixed-rate deals with other lenders are reaching an end.
The offer will apply to current HSBC customers and those who have mortgages elsewhere.
HSBC says it will match existing deals for up to two years.
Joe Garner, HSBC's Head of UK Personal Financial Services, said: "We're in an incredibly strong position while others are stepping back. We remain competitive and are selective about the right sort of business."
Over one million households are expected to face big hikes in their mortgage bills this year as their deals expire.
It is estimated that one in five mortgage products have been taken off the shelves in recent weeks.
The offer, which begins on Monday for a limited period, is subject to restrictions and a fee.
(CD/JM)
The offer will apply to current HSBC customers and those who have mortgages elsewhere.
HSBC says it will match existing deals for up to two years.
Joe Garner, HSBC's Head of UK Personal Financial Services, said: "We're in an incredibly strong position while others are stepping back. We remain competitive and are selective about the right sort of business."
Over one million households are expected to face big hikes in their mortgage bills this year as their deals expire.
It is estimated that one in five mortgage products have been taken off the shelves in recent weeks.
The offer, which begins on Monday for a limited period, is subject to restrictions and a fee.
(CD/JM)
Related UK National News Stories
Click here for the latest headlines.
08 October 2008
'Ofgem Lets Down Some Of The Poorest In Society' Says NHF
Ofgem has failed some of the poorest customers in the country and should be 'scrapped' says the National Housing Federation (NHF), in response to the energy regulator's initial report on its energy market probe.
'Ofgem Lets Down Some Of The Poorest In Society' Says NHF
Ofgem has failed some of the poorest customers in the country and should be 'scrapped' says the National Housing Federation (NHF), in response to the energy regulator's initial report on its energy market probe.
25 March 2013
Bank Profits 'Wiped Out'
Major UK banks have had their 45% profit rise of 2012 all but ‘wiped out’ by a mix of regulation and their own mistakes, a KPMG report says. Looking at Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered, the performance report shows the banks' combined core profits last year were £31.5bn.
Bank Profits 'Wiped Out'
Major UK banks have had their 45% profit rise of 2012 all but ‘wiped out’ by a mix of regulation and their own mistakes, a KPMG report says. Looking at Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered, the performance report shows the banks' combined core profits last year were £31.5bn.
19 June 2013
New Minister For Trade And Investment Appointed
The chief executive at BT is to leave the telecoms giant to become minister for trade and investment. Ian Livingston will replace former HSBC chief executive and chairman Lord Green when he joins the House of Lords. Lord Green has served since 2011 but is approaching retirement.
New Minister For Trade And Investment Appointed
The chief executive at BT is to leave the telecoms giant to become minister for trade and investment. Ian Livingston will replace former HSBC chief executive and chairman Lord Green when he joins the House of Lords. Lord Green has served since 2011 but is approaching retirement.
11 April 2013
Post Office To Launch Current Account
Following a regulator’s claim that consumers are not offered much choice in the UK’s banking market, the Post Office has announced it will launch its own current account. The new account will be provided by Bank of Ireland and is expected to be fully launched in 2014, although some areas will be offered the account within a few weeks.
Post Office To Launch Current Account
Following a regulator’s claim that consumers are not offered much choice in the UK’s banking market, the Post Office has announced it will launch its own current account. The new account will be provided by Bank of Ireland and is expected to be fully launched in 2014, although some areas will be offered the account within a few weeks.
14 December 2011
Thomas Cook Close 200 Outlets
Travel agent Thomas Cook is to close 200 stores after announcing huge losses over the last year. The travel operator revealed it had recorded pre-tax annual losses of £398m and said it would close the stores over the next two years.
Thomas Cook Close 200 Outlets
Travel agent Thomas Cook is to close 200 stores after announcing huge losses over the last year. The travel operator revealed it had recorded pre-tax annual losses of £398m and said it would close the stores over the next two years.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.