Customers say
★★★★★
Customer satisfaction
★★★★★
Customer satisfaction
Customers praise good rates and good service
Doesn't offer offset mortgagesHSBC mortgages review, rates and comparison
HSBC offers fixed and variable rate mortgages. Use our analysis to compare them, and read customers' views of HSBC.
Customers praise good rates and good serviceDoesn't offer offset mortgagesHSBC is a British bank with global operations, that is headquartered in London. It’s one of the biggest banks in the world, and the largest in Europe and the UK.
HSBC offers a range of mortgage types and can advise you on a suitable plan over the phone, online or in-branch.
What's in this guide?
Overview of HSBC mortgages
| Initial rate types | Fixed, Variable |
|---|---|
| Borrower types | First-time buyers, remortgaging, moving house |
| Mortgage amounts | From £10,000 to £5,000,000 |
| Mortgage terms | From 5 to 35 years |
| Maximum LTV | 95% |
| Lowest initial rate | 1.14% |
| Longest fixed rate offer | 5 years 3 months |
| Regions covered | Great Britain, Northern Ireland |
| Applicant age | From 18 to 80 |
| Offers portable mortgages |
What types of mortgages can I get with HSBC?
- Fixed rate Your interest remains fixed for a set amount of time, so you can be certain about the size of your monthly mortgage repayments.
- Remortgages You can switch from your existing mortgage provider to HSBC via one of the lender’s remortgage products.
- Tracker Your interest rate shifts up and down alongside the Bank of England base rate.
- Buy-to-let This mortgage allows you to borrow money to buy an additional property and let it out.
- Shared ownership This mortgage allows you to buy a percentage of a property and pay rent on the remainder. You can then apply to buy additional percentages of the property as and when you can afford it.
Compare HSBC mortgages
Overall representative example
If you borrow £170,000 over a 25-year term at 1.59% p.a. (fixed) for 63 months reverting to 3.59% p.a. (variable) for the remaining term, you would make 63 monthly payments of £687.10 and 237 monthly payments of £823.61. The total payable would be £239,775.87, which includes interest of £68,483, valuation fees of £248 and a product fee of £995. The overall cost for comparison is 2.9% APRC representative.
If you borrow £170,000 over a 25-year term at 1.59% p.a. (fixed) for 63 months reverting to 3.59% p.a. (variable) for the remaining term, you would make 63 monthly payments of £687.10 and 237 monthly payments of £823.61. The total payable would be £239,775.87, which includes interest of £68,483, valuation fees of £248 and a product fee of £995. The overall cost for comparison is 2.9% APRC representative.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
How to apply
You can apply for an HSBC mortgage online, by calling 0800 169 6333 or visiting a local branch.
What ID do you need when you 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 two years worth of accounts.
Eligibility criteria
- You must be at least 18 years old and no older than 80 when your mortgage term is due to end.
- The applicant(s) will not be permitted to borrow more than five times their annual income.
- According to the HSBC website, customers with adverse credit will only be considered “in exceptional circumstances”.
Contact information
For general queries, call 01226 261010 or use the live chat function at hsbc.co.uk.
Frequently asked questions
Mortgage ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our customer satisfaction scores (“Customers say”) are based on a survey of 893 customers carried out in December 2020.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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