HSBC has launched ‘First for First-Time Buyers’, pledging that its range of 90% LTV mortgages will be the lowest on the High Street across two and five year fixed rate products and lifetime trackers.
Fees are £999 for HSBC current account customers; non-customers can open an account and pay the same fee, otherwise fees are £1,499. The new deals include:
- 3.59% two-year fix – £999 fee (£1,499 fee for non HSBC current account customers)
- 4.39% five–year fix – £999 fee (£1,499 fee as above)
- 3.99% lifetime tracker – £999 fee (£1,499 fee as above)
Peter Dockar, HSBC’s head of mortgages, said: “We have consistently shown our commitment to helping first-time buyers take their first step on the ladder and by promising the best rate on the high street we are taking away the hassle out of searching for a mortgage.”
HSBC claims its First for First-Time Buyers’ interest rates will beat or match 90% LTV mortgages from other major High Street providers, however the HSBC fees are fixed at £999 or £1,499. Although the deals are focused towards first time buyers, any home buyer requiring 90% LTV can apply.
