HSBC has launched a market-leading variable tracker rate mortgage available to borrowers with deposits of 40% and over.
Offering a variable rate of 2.38% (BBR+1.88%) for term, this deal has a maximum loan-to-value of 60%.
Purchase and remortgage borrowers have a maximum advance of £250,000 and an arrangement fee of £1,499 is payable upfront.
Free legal fees are also offered to remortgage customers.
This mortgage offers a good all-round deal to borrowers with large deposits. Five out of five Moneyfacts stars have been awarded.
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