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HSBC mortgages represent best value
HSBC mortgages have been deemed to be some of the most competitive in the marketplace for the sixth year in a row.
The latest awards from homebuyers' magazine What Mortgage named HSBC the best value national bank in terms of its mortgage provision.
The rankings were devised based upon the amount of interest which would be charged on a £100,000 interest-only mortgage over the last five years.
During this period, What Mortgage estimated that the average homebuyer would pay £25,883 in interest, almost £1,000 cheaper than second placed Intelligent Finance.
Rob Chesters, head of mortgages at HSBC, said: "We have consistently been ranked the best value bank for mortgages for the last six years but the real winners are our customers, who continue to enjoy great value throughout the life of their HSBC mortgage."
Defaqto's annual mortgage survey also adjudged HSBC to be the best overall mortgage lender.
