Best UK mortgage deals of the week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2024
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Source: Yahoo Finance
Mortgage Rates and Market Trends: The UK mortgage market is seeing a rise in competitive rates, with deals under 4% becoming available as the Bank of England holds interest rates steady. Average rates for two-year fixed deals are at 5.74%, while five-year deals average 5.24%.
Support for First-Time Buyers: New mortgage products are emerging to assist first-time buyers, including options that allow purchases with deposits as low as £5,000, while lenders like Yorkshire Building Society and April Mortgages offer favorable terms to help more borrowers enter the housing market.
Analyst Views on HSBC
About HSBC
HSBC Holdings plc (HSBC) is a banking and financial services company. Its business segments include Hong Kong, UK, Corporate and Institutional Banking (CIB), and International Wealth and Premier Banking (IWPB). Its Hong Kong business comprises retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. Its UK business comprises UK retail banking and wealth (including first direct and M&S Bank) and UK commercial banking, including HSBC Innovation Bank. The CIB segment is formed from the integration of its commercial banking business (outside the UK and Hong Kong) with its global banking and markets business. The IWPB segment comprises premier banking outside of Hong Kong and the UK, its global private bank, and its asset management, insurance and investment distribution businesses. Its customers worldwide through a network covering 58 countries and territories. Its customers range from individual savers and investors to companies, governments and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
