HSBC has launched a series of new products for borrowers looking for 90 per cent loan to value mortgages.
The new rates include:
4.19 per cent above base rate lifetime tracker (current pay rate 4.69 per cent) (£599 fee)
4.99 per cent two year fixed (£599 fee)
5.99 per cent five year fixed (£599 fee)
New rates for customers with a 15 per cent deposit include:
3.49 per cent above base rate lifetime tracker (current pay rate 3.99 per cent) (£199 fee)
3.99 per cent two year fixed (£899 fee)
Stuart Beattie, head of mortgages at HSBC, said: ‘Over 80 per cent of young non-homeowners are aspiring to buy a home. HSBC is committed to helping their cause. The new mortgage rates we have made available today will help those with a relatively small deposit become homeowners.’
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