The lender is launching a pair of two-year and five-year deals with £999 fee and zero fee options.
Rates are 3.99 per cent and 4.29 per cent for the two-year mortgages and 4.29 per cent and 4.49 per cent for the five-year versions.
The range is available through advisers and direct with the bank.
HSBC UK head of buying a home Michelle Andrews, said: “We have supported home buyers and the wider housing market throughout the pandemic and are excited to support the mortgage guarantee scheme.
“After such a turbulent year it is great that this scheme will make a real difference in enabling first-time buyers who didn’t think they would have a chance of getting a mortgage and home movers to get the keys to their new home.”
The government scheme covers properties of up to £600,000 for first-time buyers and current homeowners with a five per cent.
