A simples guide

Get a Quote for a Mortgage from HSBC

If you’re looking for a mortgage 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.

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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.

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.

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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, five or even ten 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 during the fixed term period.

At the end of the fixed-rate period, you can either negotiate another fixed term rate, a new tracker deal or simply revert to the prevailing Standard Variable Rate.

HSBC also offers a range of Tracker mortgages. To give you an idea of what’s available, have a look at our tables .

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 more expensive.

Can you pay it off early?

On some mortgages, you can make substantial overpayments and even pay off your mortgage early. However, it is usual practice with fixed mortgages that there are early repayment restrictions or charges. Always make sure you understand the details before you take out the mortgage.

All HSBC mortgage details are based on information available on www.hsbc.co.uk on  6 November 2016.

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