The deals will be available as two-year and five-year fixed rates from Tuesday 12 January when more details on rates will be announced.

HSBC said these deals would provide a ‘welcome boost’ to first-time buyers with smaller deposits.

Michelle Andrews, HSBC UK’s head of Buying A Home, said: “I am pleased and proud to announce that we will be re-introducing mortgages at up to 90% LTV.

“These mortgages build on our significant support for brokers and mortgage customers throughout 2020 and will be available across the board – for home purchases, first-time buyers and to those remortgaging – all up to a maximum of 35 years.

“The new lockdown will undoubtedly present challenges, but the experience of overcoming numerous difficulties during the original lockdown, for example making more use of automated valuations, will be invaluable.

“We are all seeking a return to normal, although for many it will feel like we may not see that for a while. With us returning to the higher LTV space, hopefully that is a little bit of welcome normality.”

Customers may be able to borrow up to £400,000.