HSBC: £1bn of new mortgages up to 90%

Wednesday, 08 April 2009 12:00

HSBC has revealed a new range of competitive mortgage products with loan-to-value (LTV) maximums of up to 90 per cent, backed with £1 billion of funding.

The new mortgages will be available to HSBC Plus account and Premier customers.

Rates start as low at 2.49 per cent for the two year discounted rate with a fee of £249 and a LTV of 60 per cent. The lifetime tracker rate is 4.59 per cent with an LTV of up to 90 per cent.

Joe Garner, group general manager of HSBC's personal financial services, said: "Although house prices have fallen, and continue to fall, they won't fall forever.

"At HSBC we are standing by our customers through thick and thin and these changes mean we can continue to give customers the best possible deal on their mortgage."

• Tags:
• products and companies