HSBC reduces fee free lifetime tracker mortgage rate

Those seeking a lifetime tracker mortgage should look to the HSBC as it has lowered the interest rate on its fee-free mortgage from 6.45% to 6.44%.

Available at up to 90% loan to value, the lifetime tracker follows the Bank of England's base rate at 0.69% above.

The new mortgage has been given a seal of approval from What Mortgage, and Rob Chesters, head of mortgages at HSBC, said: "We are delighted our fee-free lifetime tracker mortgage has received What Mortgage's first-ever seal of approval.

"To celebrate, we have lowered the rate on the loan, making it even more attractive to home buyers."