HSBC ousts all fees

The home loans are available to both new and existing customers until 30 September.

HSBC’s standard mortgages charge none of these fees:

• No booking fee
• No standard valuation fee
• No £30 completion fee
• No exit fee
• No higher lending charge
• No mortgage account servicing fees
• No mortgage account conduct fees

Rob Chesters, head of mortgages at HSBC said: “With some lenders recently bowing to pressure to scrap their exit fees, HSBC has decided to stay one step ahead by removing all fees on its standard mortgage range until the end of September. This will enhance HSBC’s reputation for providing transparently priced mortgages which offer real long-term value. Sadly some lenders will simply look to rename their exit charge or bump up fees elsewhere. However, HSBC customers can rest assured, the rate they see is all they will pay.

“Our mortgage offers will fill the void of clear and transparent mortgage deals; the market has for too long concentrated on increasing dubious fees to shore up headline rates.”