HSBC confirms change for customers ‘from today’ with new costs

Dariusz Karpowicz, director at Doncaster-based Albion Financial Advice, said another competitive sub-5% option now appeared to be heading out of the market. He said: "Less than 24 hours' notice and another sub-5% option heads for the exit. The 4.76% two-year and 4.72% five-year fixes were among the last genuinely sharp deals on the shelf and borrowers are now being asked to make same-day decisions on 25-year commitments. "The frustrating part is that nobody can point to anything on the horizon suggesting this reverses soon. Swap rates have steadied slightly, but that is hardly a recovery. If your deal ends within six months, start reviewing now. In this market, waiting a day costs you money."