HSBC goes under 4% interest for 90% LTV borrowers and no fee

HSBC has launched its first ever sub 4% interest rate for mortgage borrowers with a 10% deposit - a 3.84% two-year discount deal with no fee to pay.

During 2011 HSBC has continuously helped first time buyers, and those looking to move on, by offering competitive rates for customers with a relatively small deposit.

In addition to great variable rates, HSBC continues to offer two-year and five-year fixed rates at 85% and 90% LTV fee-free.

Peter Dockar, Head of Mortgages at HSBC, said: ‘We are committed to supporting first time buyers and last month we pledged to make a further £350m available to borrowers with equity or a deposit of 10-15% by the end of the year.

‘We recognise that first time buyers need help so as well as great rates with no fee options we offer our customers a free mortgage advice service in branch to help them get the right deal for them.' 

As well as helping customers with a smaller deposit to get on the housing ladder, HSBC continues to offer attractive deals for those with a larger deposit.

Customers with a 40% deposit can enjoy the following great rates:

2.39% lifetime tracker - current pay rate 2.89% (£999 booking fee. Valuation fee and completion fee payable).

3.28% five-year-fixed (£1,999 booking fee. Valuation fee and completion fee payable)