Homebuyers can save as much as £185,000 if they buy a property just one hour away from London by train, HSBC research shows. The average price of a two-bedroom property in an area commutable from London, such as St Albans or Tunbridge Wells is £254,308. For first-time buyers...
Young savers are giving up luxuries to hit their savings goals, new research from HSBC shows. The disposable income of 18-30 year olds has been hit the hardest since the economic downturn, leaving this age group with less than £400 a month to spend on average. However, they are saving the highest proportion of their income (24%) compared to other age groups.
Traditional inheritance may be dying out, according to a new report from HSBC. Whilst more than half (58%) of working-age people in the UK expect to leave an inheritance to their children, the reality is very different, with just a third (33%) having actually received one. Instead, HSBC’s report, The Future of Retirement Choices for later life...
HSBC is launching the market’s first five year fix below 2% on Monday 20 April. The mortgage is available at 60% LTV and has a booking fee of £1,499. HSBC is also launching a two year fix at 1.24%, and continues to offer its two year discount rate at 0.99%. Both are available at 60% LTV with a £1,499 fee. Tracie Pearce...
HSBC has confirmed today that the head office of its UK ring-fenced bank, serving HSBC UK’s personal and business customers, will be located in Birmingham. As a result, around 1,000 head office roles will move from London to Birmingham before the ring...
Families going on holiday this Easter will benefit from new travel money deals with HSBC as it improves rates on over 50 currencies. New rates will be available from Friday 20th March, and Euros will be particularly competitive. Customers can order their currency online, over the telephone or at one of HSBC’s branches around the UK.
Nearly a third (30%) couldn’t pay their mortgage if they lost their job A third (33%) of people in the UK – or 8.5 million households – have £250 or less set aside as a financial safety net, new research from HSBC shows. The survey of over 2,000 people found that almost a quarter (24%) of all UK households have no savings at all...
From today HSBC buy-to-let mortgages are available to HSBC Advance and Premier customers. HSBC Advance is a free current account; to qualify customers must pay in £1,750 a month. Tracie Pearce, Head of Mortgages at HSBC said: “We’ve listened to our customers and have made it much simpler and easier for them to invest in buy-to-let properties with us.
HSBC will launch its lowest ever 90% LTV mortgage rate on Monday 2nd March. Borrowers with a 10% deposit will be able to take advantage of a rate of 1.99% – a 1.95% discount compared to HSBC’s Standard Variable Rate (SVR). The 2 year discount product has a £1,499 booking fee and will be on sale until 19th April 2015. Peter Dockar...
From 1 March HSBC launches Save Together. HSBC Advance customers who pay in at least £25 a month into a Loyalty Cash ISA will receive an extra £10 a month for 12 months, on top of 1.5% AER interest. Customers who prefer to pay a lump sum can deposit a minimum of £300 and still receive an extra £10 a month.