HSBC has launched a tracker mortgage, which tracks at 1.69% above the Bank of England base rate - currently 2.19% and has a booking fee of £99.
The 2.19% tracker rate is available until August 15 only, to customers with at least 40% equity in their homes.
The bank is also launching its lowest ever long-term fixed mortgage with a five-year deal at 3.95%, also available at 60% LTV, with a booking fee of £599.
Martijn van der Heijden, head of mortgages at HSBC, says: “These new mortgage deals offer the best of both worlds, our lowest ever five-year fixed rate for those customers wanting security, as well as very competitive tracker rates for those preferring flexible payments. Anyone looking to take out our ultra low 2.19% tracker needs to move quickly as it is only guaranteed for two weeks.”