HSBC has launched two new online mortgage services.

Customers can now apply for a mortgage via HSBC’s website and receive a decision within 20 minutes, the bank says.

Also, Mortgage Product Switcher allows current mortgage customers to transfer their mortgage to any of the bank’s latest deals in 15 minutes.

This service offers HSBC’s existing internet banking registered mortgage customers the opportunity to quickly compare HSBC mortgage products that are available to them and fully switch their mortgage online, including paying any product fee.

Martijn van der Heijden, head of lending at HSBC, said: “Our customers want to make more financial decisions online