Customers moving to direct channel-only lender HSBC during the bank’s ‘Your Home’ campaign period will not pay booking fees, a standard valuation fee or completion fee.
During the tracker rate term, borrowers can apply to switch from a tracker rate to any fixed rate available, without paying any early repayment charges.
This offer will be available to all customers: remortgagers, first time buyers and homemovers. HSBC will also pay the legal costs involved in transferring the mortgage from their existing lender.
Stuart Beattie, head of mortgages at HSBC, said: “Homeowners are telling us that they are looking for a low cost way to move to a better value mortgage to help with their monthly budgets.
“Our zero fee trackers allow them to reduce monthly outgoings with minimal hassle and cost. Borrowers with a lender which charges no exit fee can switch to a lower rate at no cost at all.”