HSBC announces January mortgage deals

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HSBC announces January mortgage deals

High street lender HSBC has announced it is to offer a number of mortgage deals in January with no upfront or completion fees for borrowers.

The bank is offering lifetime tracker mortgages with a range of loan-to-value (LTV) options - from 60 to 90 per cent LTV - with payable rates starting from 1.89 per cent above base rate.

Furthermore, the lender has committed to not charging booking, standard valuation or completion fees on these deals.

Peter Dockar, head of mortgages at HSBC, said: "Not only will customers be able to take advantage of these products with just a ten per cent deposit, we are also helping them keep their upfront costs down by removing the fees payable."

The announcement follows comments by Simon Collins Product, technical manager at John Charcol, who recently argued there remain a large number of mortgage options available to prospective buyers across the UK, despite the impact of the present financial climate.

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