HSBC mortgage rates, calculator and review

How much can I borrow with HSBC?

HSBC can lend up to 95% of the value of your property. However it will also factor in the affordability of the monthly repayments (in terms of your monthly income and outgoings) when deciding what it can offer.

Does HSBC offer shared ownership mortgages?

Yes. These mortgages allow you to buy a percentage of a property and pay rent on the remainder.

Most shared ownership plans offer the option to buy more of the property as and when you can afford it at a later date. HSBC stipulates it will only lend on shared ownership arrangements where you have the option to increase your stake to 100% ownership of the property.

How do I apply?

You can apply for an HSBC mortgage online, by calling 0800 169 6333 or visiting a local branch.

We've teamed up with L&C Mortgages to help you compare live rates from over 80 lenders.

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Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

What ID do I need when I apply?

You’ll need to supply proof of identification, proof of address, proof of deposit and your last monthly payslip and bank statement.

Zero-hours and contract workers will need to provide their P60 and additional payslips, so the lender can get a better idea of the consistency of their income. Self-employed applicants will need to provide their last 2 years’ worth of accounts and, if requested, several months of business bank statements.

Am I eligible for an HSBC mortgage?

Applications are considered on a case-by-case basis, but there are some clear criteria:

• You must be at least 18 years old and no older than 80 when your mortgage term is due to end.
• You won’t be permitted to borrow more than 5 times your annual income.
• According to the HSBC website, customers with adverse credit will only be considered “in exceptional circumstances”.

Contact information

For general queries, existing customers can call 03457 404 404 or use the live chat function at hsbc.co.uk. Non-HSBC customers should call 03456 040 626.

HSBC mortgages customer reviews

In our 2024 customer satisfaction survey, HSBC scored 4.5 out of 5 stars with 88% of its customers saying they’d recommend the brand to a friend.

Customers in our survey commented positively on HSBC’s helpful staff and “reliable service” .

Here is some of the feedback we got from HSBC mortgage customers:

“Good experience- reliable and good communication.”
“Flexible mortgage options.”
“They are always available to help.”
“Very good customer service.”

Frequently asked questions

• Can I make overpayments?

  Yes, although some mortgages only allow you to overpay by up to 10% of the mortgage balance per year. HSBC’s tracker mortgage and variable rate mortgages allow unlimited overpayments.

• How long does it take to hear a decision?

  HSBC offers a “One Day Mortgage Approval” service, where successful applicants could receive a Decision in Principle on the same day their mortgage application is submitted.

Written by

Matthew Boyle

Publisher

Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio

Matthew's expertise

Matthew has written 244 Finder guides across topics including:

• Helping first-time buyers apply for a mortgage
• Comparing bank accounts and highlighting useful features
• Publishing easy-to-understand guides