HSBC offers 90pc LTV sub 4% interest rate for mortgage borrowers with a 10% deposit – a 3.84% two-year discount deal with no fee to pay.
The bank continues to offer two-year and five-year fixed rates at 85% and 90% LTV fee-free.
Peter Dockar, head of mortgages at HSBC, said: “We are committed to supporting first-time buyers and last month we pledged to make a further £350 million available to borrowers with equity or a deposit of 10-15% by the end of the year.
Those borrowers with a larger deposit can get lower rates but fees are payable. For example, customers with a 40% deposit can obtain a 2.39% lifetime tracker – current pay rate 2.89%. There is a £999 booking fee plus a valuation fee and completion fee.
There is also a 3.28% five-year-fix which carries a more hefty £1,999 booking fee plus valuation fee and completion fee.