HSBC's remortgaging tracker deal

HSBC is offering what it claims is the best remortgaging tracker product on the market,

Its rate of 5.9 per cent rate on loans up to 90 per cent LTV for homeowners is said to be better than that of the top ten lenders in the mortgage market.

The deal is available for anyone switching their mortgage to HSBC, with a guaranteed 0.23 per cent above the bank of England's base rate, which currently stands at 5.75 per cent.

There is a £599 booking fee and no early repayment or exit fee payable and unlimited overpayments are allowed.

Martjin van der Heijden, head of mortgages at HSBC, said: "While other lenders are starting to withdraw their best rates, HSBC is looking to help homeowners with lower interest rates.

"HSBC's Re-mortgage tracker is a great deal, and with one lower rate for two, three, and five year fixed-rate offers, we are giving customers real value and choice while making our line-up simpler."