Your support helps us to tell the story
This election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story.
The Independent is trusted by 27 million Americans from across the entire political spectrum every month. Unlike many other quality news outlets, we choose not to lock you out of our reporting and analysis with paywalls. But quality journalism must still be paid for.
Help us keep bring these critical stories to light. Your support makes all the difference.
The deal
HSBC launches on Monday what it claims are its lowest-ever fixed rate mortgages.
Good points
The bank is offering a two-year fixed deal at just 1.79 per cent. There's a five-year fix at 2.78 per cent, seven years at 3.49 per cent, and 10 years at 3.99 per cent.
Bad points
You need at least a 40 per cent deposit to get the rates. There's also a massive £1,999 booking fee.
Conclusion
Headline rates are, once again, misleading. Borrowers could be attracted unaware that they'll have to stump up £2,000 to get the rate. In fact you could be better off with a higher interest rate but much lower fee. HSBC offers fee-free mortgages from 4.15 per cent to its customers with 10 per cent deposit.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments