HSBC launches First for First-Time Buyers

Nia Williams

September 2, 2013

The lender has pledged that its range of 90% LTV mortgages will beat or match the on-sale rates – with booking fees of up to £999, at 90% LTV – offered by Barclays, Woolwich, Halifax, Lloyds TSB, Nationwide, NatWest, Royal Bank of Scotland and Santander across two and five year fixed-rate products and lifetime trackers.

Fees are £999 for HSBC current account customers; non-customers can open an account and pay the same fee, otherwise fees are £1,499.

The new deals include:

 3.59% 2-year fix – £999 fee (£1,499 fee for non HSBC current account customers)

 4.39% 5-year fix – £999 fee (£1,499 fee as above)

 3.99% lifetime tracker – £999 fee (£1,499 fee as above)

Peter Dockar, HSBC head of mortgages, said: “We have consistently shown our commitment to helping first-time buyers take their first step on the ladder and by promising the best rate on the high street we are taking away the hassle out of searching for a mortgage.”

Although the deals are focused towards first time buyers, any home buyer requiring a 90% LTV can apply.

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