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Bakewell & Horner :: You are in :: News
Bakewell & Horner aim to be at the forefront of news and technology, to ensure that our company is ahead of our competitors in today’s market. Here we will give you news as we get it – From interest rates cuts or increases, new legislations, including HIP updates and more news to keep you informed of what is happening within housing market. There will also be offers from Bakewell & Horner and other companies that may be of interest to you.
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Bakewell & Horner Company News
New deal for fixed rate home owners
Britain's biggest bank, HSBC, is trying to attract many thousands of mortgage customers whose fixed rate deals are expiring with other lenders.
From Monday 14 April, HSBC will match peoples' expiring fixed-rate deals for a further two years.
However the offer will be open for just five weeks, new customers will have to put down a minimum 20% deposit, and they will be charged a large fee.
An HSBC spokesman said "this is not too good to be true".
HSBC, which relies less on the financial markets to raise the funds for its mortgages than other lenders, is keen to take advantage of the weakness of its competitors in the mortgage market.
"Many homeowners are worried about their monthly repayments going up and we can help take away that anxiety," said the bank's head of mortgages, Martijn Van Der Heijden.
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