In their bid to throw a lifeline to homeowners, the HSBC is offering to match the low interest rates currently being paid on expiring fixed-rate mortgage deals.
When rates were very low in 2006 there were are an estimated 1.4million mortgage holders who took out 2 year deals.
To enable the HSBC, Britain’s biggest bank, to deal with possibly tens of thousands of new customers, the bank is taking on thre times the number of staff to cope with the expected demand.
Posted on April 14th, 2008 by maz
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