The bank has also launched a number of high LTV rates which will be available fee free.
The 90% LTV products include a lifetime tracker at 4.09% above base rate, a 2-year fixed rate at 4.49% and a 5-year fixed rate at 4.89%.
The 85% LTV products include a lifetime tracker at 3.49% above base rate, a 2-year fixed rate at 4.29% and a 5-year fixed rate at 4.69%.
These products are available direct only.
Peter Dockar, head of mortgage at HSBC, said: “In 2011 we have continued to offer very competitive rates and great advice to those with a relatively small deposit which has helped us to increase the amount we have lent to first-time buyers.
“Today's announcement of fee-free rates and a pledge to make a further £250m available to FTBs in 2011 shows HSBC’s commitment to continuing to help people get on the housing ladder.”
