HSBC has announced it is to charge no fees on its range of competitive tracker mortgages in January next year as part of its eighth annual sale.
This promotion will include the agreements with a 90 per cent loan-to-value, with the deals running from December 22nd 2011 until January 31st 2012.
The fee-free rates for lifetime trackers begin at 2.39 per cent for those with a 40 per cent deposit, with the offers available for both existing homeowners looking to secure a better deal and those looking to purchase property for the first time.
Peter Dockar, head of mortgages at HSBC, said: “We are committed to supporting both first-time buyers and homemovers and our January sale offer reflects this.”
The industry figure explained customers will be able to take advantage of the products with just a ten per cent deposit, while the removal of the fees payable will also enable them to keep their upfront costs down.
Earlier in the week, Leeds Building Society also unveiled a new home loan range – a shared ownership mortgage aimed at supporting first-time buyers .