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HSBC unveils fixes and trackers

HSBC has dealt another blow to the broker market by launching a range of fixed and tracker deals, including rates with LTVs of up to 90%.

Included in the direct-only range is a two-year fixed rate deal at 3.69% up to 75% LTV with a booking fee of £999 and a five-year fixed rate at 4.64% up to 60% LTV with a £999 booking fee.

The lender has also launched a discounted mortgage at 3.59% for two years up to 80% LTV and no booking fee.

There is also a fee-free lifetime tracker at 4.99% at 90% LTV.

Martijn van der Heijden, head of mortgages at HSBC, says: “As house prices have stabilised and in most cases increased over the last year, it’s clear that lenders are returning to the market with confidence and more competitive mortgages.”

Yorkshire Building Society also launched a range of first-time buyer deals, including a 90% LTV product, exclusively through its branches last week.



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