A simples guide

Compare HSBC mortgages

If you’re looking for a mortgage in the UK or overseas then you should have a browse of what HSBC has to offer.

The world’s fifth largest bank has a complete range of mortgage products and can process straightforward applications in a single day.

So check out the range of HSBC mortgages and compare them to the competition with the help of our price comparison service.


What mortgages does HSBC offer?

Depending on your circumstances, HSBC will have a mortgage that suits your needs. If you’re buying a home to live in, then the normal options on offer are:

- Fixed rate – A fixed rate offering that gives you the peace of mind that goes with a constant interest rate for a set period of time.

- Tracker – Linked to the Bank of England base rate.

- Discount – This is a mortgage linked to HSBC’s own Standard Variable Rate, with a discount included for a set period of time.

There are other mortgages on offer, including an HSBC Buy to Let mortgage and you can also access funds to buy a holiday home or second property overseas. Generally speaking the more deposit you have saved the better interest rate you will have access to.



Piggy bank and house
house keys

What are the rates on an HSBC mortgage?

Rates are subject to change at any time, so make sure you check the HSBC mortgage rates on our price comparison service to make sure you have the correct information before you make any kind of decision.

In essence the HSBC fixed rate mortgage, which can be arranged for two, three or five years, will have a higher repayment than the discount or tracker mortgage at the outset. The benefit comes with the peace of mind of knowing that your rate is fixed, so if the Bank of England base rate rises then your HSBC mortgage payment won’t suddenly increase.

In February 2016 a five-year fixed rate mortgage was available at 1.99%, with an arrangement fee of £1,999. As a point of comparison, First Direct offers a 2.09% rate to buyers with a 40% deposit with an arrangement fee of £1,450.

At the end of the fixed-rate period, you can negotiate another fixed term rate, a tracker rate or simply go on to the Standard Variable Rate. 

You should always check the rates carefully and analyse your own personal circumstances. Could you manage if the Bank of England base rate rises substantially in a few months or would you feel safer with a slightly higher fixed rate mortgage? These are the questions you need to answer before stretching yourself to the limit on a mortgage that could then get significantly more expensive.

Can you pay it off early?

You can make substantial overpayments and pay off your mortgage early, but in some case there may be an Early Repayment Charge to consider if you exceed your overpayment allowance for a single year. You can either make incremental overpayments or if you receive a lump sum you may want to pay off your mortgage in a lump sum.

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Make sure you compare the market

Before you make any kind of commitment to a mortgage, make sure you take a good look at the competition. HSBC has a full range of products and can cater to more or less every need, but then you have to educate yourself and no one mortgage provider is perfect for every applicant.

So before you apply for a mortgage, compare all the major providers. Look beyond the base rates, there may be arrangement fees, check the terms and conditions and look for things like payment holidays, the ability to overpay, any early repayment charges and even introductory offers like cashback deals that change all the time.

Work out the total amount you will repay, including the arrangement fees, and ensure that you get a Key Facts Illustration as part of your mortgage offer. Then settle on the mortgage provider that works best for you.

If you’re ready to get started on the next exciting chapter in your life, then you can compare a range of mortgage providers with our price comparison service. Get comparing and see how much you could save!