If you have a 35 percent deposit and the cleanest of credit scores this new HSBC fixed-rate deal could be a barnstormer. The mortgage market and the economy has a lot of question marks over it due to the Brexit last week and a fixed rate could offer some certainty.
The mortgage comes with a hefty fee of £1,499 but at such a low rate the comparison against a variable rate still could save hundreds over the course of the two year fixed period.
The brexit has led to concerns of where the base rates will be heading considering the hammering the pound is already taking in the currency markets. Usually at the fall of the pound as sharp as it is right now, bank base rates head up but with concerns of the economy stagnating rates normally head the opposite direction - so there is a possiblity of movement either way. A fix in these circumstances would be a prudent option.