HSBC has introduced a new range of 90% LTV mortgages.

It claims it is now offering the lowest ever seven-year fixed rate mortgage at 90% LTV at 4.89% and with no fees to pay for home buyers.

The bank is also offering the same rate on 90% LTV fixed rate mortgages for two, three and five years.

HSBC is also aunching a fee-free lifetime tracker rate at 4.49% for first time buyers and home movers at 90% LTV.

Both the tracker and fixed rates are also available to remortgage customers with a booking fee of £599.

We have consistently offered competitive rates on our mortgages and these latest products offer first time buyers the helping hand they need to get onto the property ladder with a market-leading rate and no upfront fees,” said Peter Dockar, head of mortgages at HSBC.

“We are committed to helping our customers finance their homes, and with the strength of our funding model will continue to support borrowers by offering affordable mortgages.”