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Comments on HSBC’s introduction of its lowest ever mortgage rate:

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David Bexon, Managing Director of SmartNewHomes.com, responds to HSBC’s introduction of its lowest ever mortgage rate:
“HSBC’s latest action could reignite competition within the mortgage market, forcing other lenders to take their heads out of the sand and start doing their job - lending.
“While a flurry of new mortgage deals are unlikely to flood the market following this announcement, it may be the catalyst we need to kick start the mortgage market for 2009.
“With suggestions that Government could soon step in and guarantee mortgage lending too, this brings further good news for the property market.”

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Date Published: 14 January 2009

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