HSBC has launched its lowest ever two, five, seven and 10-year fixed rate mortgages.
The direct-only rates are available to borrowers with a 40% deposit and have a £1,999 booking fee.
They are a two-year fixed at 1.79%; five-year fixed at 2.78%; seven-year fixed at 3.49% and 10-year fixed at 3.99%.
The bank is also launching its lowest ever two-year discount rate at 60% LTV at 1.75% with a £1,999 fee.
In addition, HSBC is lowering rates on mortgages for customers with a 10% deposit. These rates are fee-free for HSBC current account holders or have a £599 booking fee for non-current account holders:
- Two-year fixed – 4.15%
- Five-year fixed – 4.65%
- Lifetime tracker – 4.39%
Peter Dockar, HSBC’s head of mortgages, said: “Last year we approved a record £19.5bn to UK mortgage borrowers and we will continue to support our customers by offering them competitive rates to help fund their property aspirations.”