HSBC launches 90% LTV 7-year fix at 4.89%

HSBC has today launched a seven year fixed rate mortgage at 90 per cent LTV with a rate of 4.89 per cent and no fees to pay for home buyers.

The direct-only lender is also offering the same rate on 90 per cent LTV fixed rate mortgages for two, three and five years. 

In addition, HSBC is launching a fee-free lifetime tracker rate at 4.49 per cent for first-time buyers and home movers with a 10 per cent deposit.

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

HSBC’s head of mortgages Peter Dockar says:  “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.”