HSBC is taking advantage of rivals and is offering mortgages to people whose fixed-rate deals with other lenders are reaching an end.

The offer will apply to current HSBC customers and those who have mortgages elsewhere.

HSBC says it will match existing deals for up to two years.

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Joe Garner, HSBC's Head of UK Personal Financial Services, said: "We're in an incredibly strong position while others are stepping back. We remain competitive and are selective about the right sort of business."

Over one million households are expected to face big hikes in their mortgage bills this year as their deals expire.

It is estimated that one in five mortgage products have been taken off the shelves in recent weeks.

The offer, which begins on Monday for a limited period, is subject to restrictions and a fee.

(CD/JM)