HSBC cuts rates

As part of the new range, HSBC is also introducing a low rate, low fee, 80% LTV 2-year discount mortgage at 2.79%, with a booking fee of only £99.

Martijn van der Heijden, head of lending at HSBC, said: "Our 2.79% discount mortgage is designed to help homeowners, many of which are facing a tough time. With just a £99 booking fee, those with a limited budget don't have to fork out a fortune to start saving money.”