First time buyers struggling to get on the property ladder could be interested in taking up a 90 per cent loan-to-value mortgage.
HSBC has announced its latest two deals aimed at this section of the market, giving
first time buyers a choice of a two-year fixed-rate and a "market leading" tracker mortgage.
The latter currently tracks 3.69 per cent above the Bank of England base rate which is currently 4.19 per cent.
Applicants for both deals will get reduced fees of £99 and only have to pay ten per cent of the total value of their new home.
Commenting on the two arrangements, the head of mortgages at HSBC Martijn van der Heijden said: "HSBC is keen to be there for new and existing customers, whether it's for people looking to take their first step on the housing ladder or for people looking to improve on their current deal."

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Date Published: 10 September 2010