HSBC extends 1.99 per cent mortgage offer

HSBC's market leading 1.99 per cent two year discount mortgage will now be available until the end of October.

The best buy mortgage, which was launched on 1 September, prompted a huge increase in consumer interest in HSBC mortgages. The deal has led to a total of £245 million of discount mortgages having been sold during September alone.

Martijn van der Heijden, head of mortgages at HSBC, said: "Our range of mortgages have topped the best buy tables for most of the year. We made a commitment to stay open for business and extending the 1.99 per cent mortgage is part of that."

Last week HSBC announced that is making an additional half a billion pounds of mortgage funding available to home buyers with deposits of just 10%. The bank has now reached the £1 billion it committed to lending earlier this year, meaning HSBC will now make £1.5 billion available to home buyers requiring 90% loan to value in 2009.