HSBC has unveiled a number of new mortgage products designed to help first-time buyers make a successful entry into the property market.
The provider claimed the releases confirm its commitment to assisting those looking to get their foot on the first rung of the housing ladder.
While continuing to offer a two-year discount rate of 3.84 per cent for people with a 90 per cent loan to value (LTV) – with no added fees – those with a ten per cent deposit can now benefit from a rate of 4.49 per cent that is fixed for two years and includes a booking fee of £599.
Peter Dockar, head of mortgages at HSBC, noted owning their own home remains an ambition for many individuals in the UK.
The industry figure added: “We will continue helping make that dream a reality with a range of products that assist those with relatively small deposits get onto the property ladder.”
Earlier in the week, Yorkshire Building Society claimed it is leading the way regarding 90 per cent LTV mortgage lending in the UK after suggesting it is ahead of the pack when it comes to three and five-year home loan options.
