HSBC launches lowest ever 7-year fix 90pc LTV

Robyn Hall

September 3, 2012

HSBC is also launching a fee-free lifetime tracker rate at 4.49% for first time buyers and home movers with a 10% deposit.

All rates are available from today, Monday 3rd September.

Both the tracker and fixed rates are also available to remortgage customers with a booking fee of £599.

HSBC has committed to make at least £17bn in mortgages available to UK borrowers in 2012 including £4bn to first-time buyers.

The bank approved more than £10.6n in mortgages in the first six months of the year, with £2.7bn to first time buyers.

Peter Dockar, head of mortgages at HSBC, said: “We have consistently offered competitive rates on our mortgages and these latest products offer first time buyers the helping hand they need to get onto the property ladder with a market-leading rate and no upfront fees.

“We are committed to helping our customers finance their homes and with the strength of our funding model will continue to support borrowers by offering affordable mortgages.”

The rates are a limited however and could be pulled without notice with applications to be received by 14th October 2012.

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