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UK mortgage price war hots up with 0.94% fixed-rate deal

Deals offered by HSBC and TSB are available only to borrowers with hefty deposits

UK mortgage borrowers now have the choice of two loans with interest rates fixed at 0.94% for two years as the price war between lenders heats up.

HSBC and TSB are offering the ultra-low rate, which undercuts the previous best buy of 0.95%, and adds to a rising number of sub-1% deals for borrowers with large deposits.

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