First five-year fixed mortgage under 4% since mini-budget launched by HSBC

Britons will be able to fix monthly home loan costs at level below Bank of England base rate

Five-year fixed-rate mortgages priced at below 4% are back on sale for the first time since just after the disastrous autumn mini-budget.

HSBC has repriced its range and introduced a new five-year fix at 3.99% for customers remortgaging who are looking to borrow up to 60% of the property's value. It means people are able to fix their monthly home loan costs at a level below the Bank of England base rate, which rose to 4% last Thursday.