HSBC has confirmed the details of its 95% mortgage products as part of the government’s mortgage guarantee scheme, available from today.

The high loan-to-value range is now available and includes two- and five-year fixed mortgage deals for single or joint applicants. The same rates apply whether the products are taken out directly the lenders or through a broker.

The two-year fix is available at a rate of 3.99% with a £999 fee or with no fee and a rate of 4.29%. The five-year product comes at a rate of 4.29% with a £999 fee or 4.49% without a a fee.

HSBC UK head of buying a home Michelle Andrews says: “We have supported home buyers and the wider housing market throughout the pandemic and are excited to support the Mortgage Guarantee Scheme.

“After such a turbulent year it is great that this scheme will make a real difference in enabling first time buyers who didn’t think they would have a chance of getting a mortgage and home movers to get the keys to their new home.”

On Friday, Santander revealed details of its products under the mortgage guarantee scheme, which are not being made available to self-employed borrowers.

NatWest also revealed that it had launched two products under the mortgage guarantee scheme to be available directly through the lender only.