HSBC is offering a new sub-1 per cent mortgage.
The lender's 60 per cent loan-to-value (LTV) term tracker is coming down by 0.1 per cent to an all-time low of 0.99 per cent.
The deal comes with a £999 fee, or £749 for existing HSBC Premier or Advance customers, and no early repayment charge.
Tracie Pearce, HSBC UK’s head of mortgages, said: “We were the first to break the 1 per cent mark last year with our two-year fixed rate mortgage, and we are now going sub-one per cent with our two-year tracker mortgage.
“For those looking to purchase now, these rates offer great value, making home buying or re-mortgaging more affordable.”
Commenting on the 0.99 per two-year tracker, Alan Lakey, director of Highclere Financial Services in Hemel Hempstead, said: "This is an excellent rate for those borrowers brave enough to withstand the potentially high rate rises that are on their way.
"It beats the best current equivalent of 1.04 per cent with Accord Mortgages."