HSBC is due to launch a range of mortgages aimed at first-time buyers with a 10% deposit which it pledges will be the lowest on the high street.
On 2 September the lender will introduce a two-year fixed rate charged at 3.59%, a five-year fix charged at 4.39% and a lifetime tracker charged at 3.99%.
All the deals are available up to 90% loan-to-value (LTV) and come with a £999 fee for existing HSBC customers (£1,499 for non-customers).
Peter Dockar, HSBC head of mortgages, said:
“We have consistently shown our commitment to helping first-time buyers take their first step on the ladder and by promising the best rate on the high street we are taking away the hassle out of searching for a mortgage.”
Although the deals are focused towards first-time buyers, any home buyer requiring 90% LTV can apply.
