The new fee-free lifetime tracker rate, available from Friday 31st May, is available to HSBC current account customers with a 50% deposit or equity. The rate tracks base rate plus 1.99%, currently 2.49%.
In addition, HSBC continues to offer competitive rates across all LTV bands including:
60% LTV:
- 1.75% 2 year discount - £1999 fee
- 1.89% 2 year fixed - £1999 fee
- 2.28% lifetime tracker - £1999 fee
- 2.49% 5-year fixed - £1,999 fee
- 2.59% 2-year fixed - fee free
- 2.69% lifetime tracker - fee free
90% LTV:
- 3.64% 2-year fixed - £999 fee
- 3.74% 2-year discount - £999 fee
- 4.39% 5-year fixed - £999 fee
- 4.39% lifetime tracker - £899 fee
Peter Dockar, HSBC Head of Mortgages, said:
"We are committed to offering our customers competitive rates, including those with smaller deposits. The fee-free 50% LTV rate is in response to demand from our customers; more than half of those taking a 60% LTV product have more than 50% equity in their homes."
