By Charlotte Beugge

It's not even Christmas and already the sales have started – including HSBC's annual mortgage sale. The lender has got rid of fees on its tracker mortgages including those with a 90% loan-to-value (LTV).

The deals include lifetime tracker rates, including 2.39% (base rate plus 1.89%) for those with a 40% deposit and all are available for home movers and remortgagers. Not having to pay fees means borrowers won't have to fork out for arrangement or valuation fees.

For those with a deposit of up to 90%, the fee-free lifetime tracker rate is base rate plus 4.09%, making a current payable rate of 4.59%. For those with a 20% deposit, the rate is 2.49% plus base rate, making a current rate of 2.99%.

Peter Dockar, head of mortgages at HSBC, said: "We are committed to supporting both first-time buyers and homemovers and our January sale offer reflects this.

"Not only will customers be able to take advantage of these products with just a 10% deposit, we are also helping them keep their upfront costs down by removing the fees payable."

The HSBC deals come close to the best on the market, particularly for those needing small mortgages, thanks to the lack of fees. Santander's tracker rate for 60% LTV mortgages is 2.09% (1.59% plus 0.5% base), which is lower than the comparable HSBC deal – but there's a £1,995 fee.