Those who have fixed rate mortgages with HSBC that come to an end before April are being offered the chance to extend their current deals for longer.
The group believe that many consumers will be interested in carrying on with their current agreements as they carry lower interest rates than deals that are currently on the market.
If you're eligible and interested in this type of deal, there is a charge for arranging the agreement which will be calculated depending on your circumstances i.e. how long you want the agreement for and how much you're borrowing.
Finance experts This is Money released a statement, commenting: "HSBC is actually doing something that most financial institutions pay lip service to but rarely achieve – rewarding existing customers. Many HSBC borrowers will be able to get a better rate at a lower fee than they would do elsewhere. Let’s hope they continue the offer beyond April."
It does seem like a good opportunity if you're one of the consumers able to take up this offer, so make sure you at least look into it before jumping into another agreement.