HSBC mortgages
Our broker partner, Mojo Mortgages, can help you to compare HSBC mortgages and make a successful application - as well as making sure you don't miss out on a better offer from elsewhere...
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Here’s how to compare HSBC mortgages with us
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About HSBC
HSBC began life way back in 1865 as Hong Kong and Shanghai Banking Corporation in 1865. It became an official UK institution in the 1990s, when the headquarters were relocated to London.
HSBC serves over 15 million customers across the UK, making it the UK's largest banking group. It's also one of the largest mortgage lenders in the UK with an 8.1% share of the UK mortgage market.
What type of HSBC mortgages are available?
First-time buyer mortgages at up to 95% LTV
Home mover mortgages at up to 95% LTV
Remortgages at up to 90% LTV
Buy-to-let mortgages at up to 75% LTV (85% LTV may be possible for new build)
Interest rate types
Variable-rate mortgages (HSBC tracker mortgage and their standard variable rate mortgage)
Specific products
HSBC has a fairly standard range, with not many specialist products, but is able to offer:
Interest-only mortgages at up to 75% LTV
Mortgages for foreign nationals (Non-UK-based)
Let to buy mortgage arrangements
Mortgages for energy-efficient homes
Good to know
The maximum term length with HSBC is 40 years
The minimum loan amount is £10,000
They do not have a minimum income requirement
The maximum income multiple offered is 4.49 on 85% LTV mortgages or more
Those with a £100,000+ salary applying for a mortgages with an 85% LTV or less may be able to access a 5.5% income multiple
For joint mortgage applications they will accept up to two applicants' income towards income calculations
HSBC mortgages are portable, subject to criteria
Minimum age on application is 18
Maximum age at end of mortgage term 80 years (75 for interest-only)
Overpayments of up to 10% allowed without early repayments charges (ERCs)
The maximum number of applicants is two
HSBC Mortgage rates
To get the best HSBC mortgage interest rates you'll need a good sized deposit and strong credit history, but this is the same with any lender. No matter what type of mortgage deal you’re looking for, remember to consider fees alongside the rates, as sometimes the best rates available come with higher fees. It’s important to weigh up which will suit you best in the long term.
The table below shows the best HSBC mortgage deals available currently, based on the the lowest initial rate available at that particular LTV (regardless of the deal length or type). An expert broker may be able to help you find out which deals could work for you.
Remember, you could lose your home if you don't keep up with your mortgage repayments.
- 2 years
- Fixed rate
- Monthly repayment£ 874.86
- Loan to value60 %
- Initial interest rate3.88 %
- Variable rate6.74 %
- APRC6.4%
- Product fees£ 1,016
Representative example:Repayment mortgage of £168,000.00 over 25 years, representative APRC 6.4%. Repayments: 28 months of £874.86 at 3.88% (fixed), then 272 months of £1,135.63 at 6.74% (variable). Total amount payable £333,387.44. Early repayment charges apply until 31-Aug-2027. Arrangement, mortgage discharge, valuation and CHAPS fees total £1016. Legal fees £295.
- 2 years
- Fixed rate
- Monthly repayment£ 1,041.17
- Loan to value70 %
- Initial interest rate4.07 %
- Variable rate6.74 %
- APRC6.5%
- Product fees£ 1,016
Representative example:Repayment mortgage of £196,000.00 over 25 years, representative APRC 6.5%. Repayments: 28 months of £1,041.17 at 4.07% (fixed), then 272 months of £1,326.95 at 6.74% (variable). Total amount payable £390,083.16. Early repayment charges apply until 31-Aug-2027. Arrangement, mortgage discharge, valuation and CHAPS fees total £1016. Legal fees £295.
- 5 years
- Fixed rate
- Monthly repayment£ 1,204.83
- Loan to value80 %
- Initial interest rate4.19 %
- Variable rate6.74 %
- APRC5.9%
- Product fees£ 1,016
Representative example:Repayment mortgage of £224,000.00 over 25 years, representative APRC 5.9%. Repayments: 64 months of £1,204.83 at 4.19% (fixed), then 236 months of £1,482.04 at 6.74% (variable). Total amount payable £426,870.56. Early repayment charges apply until 31-Aug-2030. Arrangement, mortgage discharge, valuation and CHAPS fees total £1016. Legal fees £295.
- 5 years
- Fixed rate
- Monthly repayment£ 1,385.09
- Loan to value90 %
- Initial interest rate4.4 %
- Variable rate6.74 %
- APRC6%
- Product fees£ 1,016
Representative example:Repayment mortgage of £252,000.00 over 25 years, representative APRC 6%. Repayments: 64 months of £1,385.09 at 4.4% (fixed), then 236 months of £1,673.76 at 6.74% (variable). Total amount payable £483,653.12. Early repayment charges apply until 31-Aug-2030. Arrangement, mortgage discharge, valuation and CHAPS fees total £1016. Legal fees £295.
The above fixed rates are provided by Mojo Mortgages and updated every 12 hours. THEY MAY NOT BE AVAILABLE WHEN YOU'RE READY TO SUBMIT AN APPLICATION.
How to compare HSBC mortgage deals
Whether you’re an existing customer or are considering a mortgage with HSBC, it’s important to compare all HSBC mortgage deals to see which one best suits your needs.
HSBC offers certain remortgage benefits for certain banking customers. However, being a current customer of HSBC won't guarantee approval of your application. It’s also possible that other lenders may have lower rates available to new customers.
Using a mortgage broker, like our partner Mojo Mortgages, can help you secure the right mortgage for your circumstances. They will also be able to compare HSBC mortgage rates with those of other lenders to ensure you don’t miss out on more competitive rates elsewhere.
HSBC mortgage customer reviews
Looking at a lender’s reputation and feedback from existing mortgage customers can help you to decide whether they’re the right fit for you.
Trustpilot and Which? can both give you a good feel for lender performance and customer satisfaction.
HSBC currently has a Which? review score of 70%.
How do I apply for a mortgage with HSBC?
HSBC mortgages can be applied for in a number of ways, including in branch, by phone or online.
Our broker partner Mojo Mortgages can also help you to apply for an HSBC mortgage, as well as providing you with tailored advice and helping you to make a successful application.
Mortgage with HSBC FAQs
How long does HSBC mortgage approval take?
It will usually take between two and six weeks for HSBC to approve your mortgage though it could take longer. As with any lender, the approval time will depend on the lender’s availability, how long it takes to arrange your property valuation, and your individual circumstances.
Can I get a HSBC mortgage if I'm self-employed?
You may be able to get a HSBC mortgage if you're self-employed, but this can't be done online. Applicants are instead asked to make an appointment over the phone or in branch. You may need to provide further information such as your last 2 years' worth of tax year overviews and tax calculations.
You may find it helpful to speak to a mortgage broker like Mojo Mortgages to help you compare your mortgage options.
Can I overpay on a HSBC mortgage?
Yes, you are able to overpay on a HSBC mortgage.
If you have a fixed-rate mortgage, your annual overpayment allowance is equivalent to 10% of the outstanding balance of your mortgage. If you go overpay by more than 10%, this will incur an early repayment charge.
Those on HSBC tracker mortgages will be able to make unlimited overpayments without an early repayment charge.
Can I get a HSBC mortgage with bad credit?
HSBC are quite strict when it comes to bad credit applications, so you’ll need to be 36 months clear of any defaults or CCJs to be considered.
Bad credit mortgages are available from plenty of specialist lenders who may be able to help you. A broker can help you find one that suits your financial circumstances.
Will HSBC conduct a credit check after making a mortgage offer?
This sort of information is not usually openly available - whether or not HSBC will re-look at your credit report after the offer has been issued will depend on their own policies and your individual circumstances. HSBC, like many lenders, may wish to perform a final credit check before completing a mortgage to make sure there have been no adverse changes to your financial situation since making a mortgage offer.
Will I have to pay an ERC to switch to a new deal?
You will be able to select a new HSBC rate up to 90 days before your current fixed rate comes to an end without facing an early repayment charge (ERC). If you have a HSBC tracker mortgage, however, you can move to a new rate at any time without worrying about ERCs.
How long is a HSBC mortgage offer valid for?
A HSBC mortgage is typically valid for 6 months from the date of the offer. If your offer does expire, it may be possible to request to extend it by 30 days (or 90 days for new-build properties).
How much can I borrow with HSBC?
How much you may be able to borrow will depend on lots of different factors, including your deposit size, property type, mortgage type and your income. Using their online mortgage calculator can give you a rough idea of how much you might be able to borrow.
For mortgages with an 85% or less LTV:
You may be able to borrow a maximum of 4.49 times your income if you earn less than £45,000
You may be able to borrow a maximum of 4.75 times your income if you earn from £45,000 up to (but not including) £100,000
You may be able to borrow a maximum of 5.5 times your income if you earn over £100,000 and above
For mortgages with a LTV greater than 85%, you may be able to borrow a maximum of 4.49% times your income.
Can I port a mortgage with HSBC?
If you are an existing HSBC customer, you may be able to move your rate to your new property if you are moving home. You may incur early repayment charges unless you simply want to borrow the same amount though.
It may be helpful for you to speak to a mortgage broker about your options. They'll be able to help you compare home mover mortgages across a wide range of lenders, so you can make an informed decision.
What happens after my HSBC fixed-rate mortgage ends?
At the end of your fixed-rate period, you'll be moved onto HSBC's standard variable rate. You may wish to apply for another mortgage product before this time to secure a more competitive rate, though. You can either stick with HSBC and select a new deal with them or switch to a new lender.
Didn’t find what you were looking for?
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YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.
The FCA does not regulate mortgages on commercial or investment buy-to-let properties.
Uswitch makes introductions to Mojo Mortgages to provide mortgage solutions. Uswitch and Mojo Mortgages are part of the same group of companies. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850. You can check this on the Financial Services Register by visiting the FCA website. Uswitch Limited is registered in England and Wales (Company No 03612689) The Cooperage, 5 Copper Row, London SE1 2LH. Mojo Mortgages is a trading style of Life's Great Limited which is registered in England and Wales (06246376). Mojo are authorised and regulated by the Financial Conduct Authority and are on the Financial Services Register (478215) Mojo’s registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.
*Average savings are based on Mojo Mortgages residential remortgage sales data, compared to the average SVR in February 2025. Actual savings will depend on individual circumstances.