HSBC mortgages are 'best value'

For the 6th year consecutively, HSBC mortgages have been deemed to be some of the best on the market.

What Mortgage magazine named HSBC the best value national bank in terms of mortgage provision.

The rankings were based upon of interest that would be charged on a £100,000 interest-only mortgage over the last 5 years.

Over this time, What Mortgage estimated that the average homebuyer would pay £25,883 in interest, almost £1,000 cheaper than a mortgage by second placed Intelligent Finance.

Rob Chesters, head of mortgages at HSBC, said: "We have consistently been ranked the best value bank for mortgages for the last six years but the real winners are our customers, who continue to enjoy great value throughout the life of their HSBC mortgage."

Defaqto's annual mortgage survey also judged HSBC to be the best overall mortgage lender.