HSBC mortgage offer

Pete

I though I would go and try out the new remortgage calculator HSBC have on their homepage given their offer to match the fixed rates of customers whose mortgages were coming out of a fixed term.

It's a nice simple calculator but a few things do pop up:

1. The highest rate they will match is 5.83% (yet there is no mention of a higher level cap in the terms)
2. Max loan is £250,000
3. Max 80% LTV

So playing around I have been trying to secure the biggest arrangement fee possible and the 'worst' combination is 4.45% and loan of £250k which gets you an arrangement fee of £4099.

Ouch.