HSBC has launched mortgage rates for customers with a 10% deposit.

New rates include:

• 90% LTV 2-year-fixed – 4.19%
• 90% LTV 5-year-fixed – 4.69%
• 90% LTV tracker – 4.19% above base rate (current rate £4.69%)

All of HSBC’s 90% LTV rates are currently fee-free for HSBC current account holders or have a £599 booking fee and a valuation fee payable for non-current account holders.

“We worked hard last year to help UK borrowers with the aspiration to own their own home and we will continue to offer competitive rates to both first time buyers and existing homeowners,” said Peter Dockar, HSBC head of mortgages.