"The new 10 year products offer the assurance that their mortgage rate won’t change regardless of what else might happen with the economy or what the Bank of England Base Rate does."
An 80% LTV is also available at 2.99%, and both have no product fee.
The range comes with free standard valuation fees for both purchases and remortgages, and free standard legal fees for remortgages.
HSBC research shows that seven in ten house-hunters would consider fixing their mortgage for 10 years as a way of providing certainty on financial outgoings.
Tracie Pearce, HSBC’s Head of Mortgages in the UK, said: “10 years might seem like a lifetime away, yet our research shows that we like to plan ahead and are currently looking for security. Fixing your mortgage rate for the long term offers customers certainty that their mortgage repayments will not increase over that period.
“Our commitment to offering value to our customers can be seen with our 2 year fixed rate at 0.99%, our 5 year fixed rate at 1.99% and now our new 10 year fixed rate at 2.79%. Fixing a mortgage now can give homeowners important peace of mind, and the new 10 year products offer the assurance that their mortgage rate won’t change regardless of what else might happen with the economy or what the Bank of England Base Rate does."
