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HSBC is one of the world’s largest banking and financial service organisations. Founded in 1865 to finance trade between Asia and the West, HSBC has grown to become a global banking powerhouse with more than 38 million customers. According to the bank, its purpose is to “enable businesses to thrive and economies to prosper, helping people fulfil their hopes and dreams and realise their ambitions.

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  • Compare HSBC Loans
  • HSBC Mortgage Comparison
  • Compare HSBC Remortgages
  • Remortgage your Home Quick
  • Whole Of Market Broker
  • Fully FCA Regulated Loans and Finance
  • No Preliminary Credit Checks
  • Best Rates for Mortgages

Mortgage Loans by HSBC

A mortgage is a massive financial commitment, so you need to know how much it’s going to cost. The most convenient way to finding this out is to use an online mortgage calculator which allows you to figure out exactly what your payments are going to be, regardless of if you are applying for a buy to let mortgage, re-mortgaging, moving house or acting as a first-time buyer.

Buy to Let Mortgages from HSBC

When you get a buy to let mortgage through HSBC you will enjoy a number of benefits that other lenders may not be able to offer you. These include great rates that will lower your monthly payment, low fees for booking, and tracker and fixed rates that are available. By customising your buy to let mortgage to really meet your needs, you can be sure that you won’t have to worry about the future of your mortgage.

The Buy to Let Mortgage Process

At HSBC the lender professionals will talk to you about your needs, the property, and what kind of income you expect from your property. They offer LTVs of up to 75%, but do have a maximum lending limit on how much you are allowed to borrow. Additionally, be prepared to pay charges from the lender, as well as some legal fees.

Applying for a Buy to Let Mortgage

It’s easy to apply for your new mortgage from HSBC. Your first step is to get a Decision in Principle, which can occur online, in the branch, or over the phone. Your second step is to make a mortgage application.

Help-to-Buy Loans From HSBC

The Government-backed Help to Buy equity loan scheme is a great option for first-time buyers who may struggle to raise the necessary funds to get on the property ladder. Successful applicants are offered a loan worth 20% of the value of the property, on the condition that they are able to put up a deposit of 5%. This means that the resulting mortgage required needs to cover just 75% of the property’s value and is therefore much easier to obtain.

For the time being however, HSBC does not participate in the Help to Buy scheme.

Commercial Mortgages From HSBC

Business mortgages, also called commercial mortgages for owner-occupiers, are designed for businesses individuals re-mortgaging or buying a property to be used as premises for a business. Business mortgages are also available on a mixed-use property.

Types

Commercial mortgages can be used for three purposes:

  • Owner-occupied: Commercial mortgages for owner-occupiers are normally for two business situations: either a company is planning to buy the property where it operates, or it wants to purchase a new building to relocate to.
  • Residential buy-to-let: Another common scenario for commercial mortgages is the purchase of residential property to be let out. This is normally used by landlords, along with buy-to-let limited companies set up for the very same purpose.
  • Commercial buy-to-let: Much like the above, you could use commercial mortgages for commercial buy-to-lets as well. As an example, you may want to buy a storage facility via your company and let it out. Although this mortgage resembles residential buy-to-let, the loan provider will look at different factors since in general, it’s more difficult to lease commercial property.

Mortgage Calculator

If you are you concerned about the affordability of your repayments, a mortgage calculator can help you find out the exact figures. Most mortgage calculators are extremely straightforward to use and within a matter of seconds you’ll know how much the payments are going to be based on the mortgage term, the rate of interest and how much you will have to borrow.

This useful tool, also known as a remortgage calculator or APR calculator, works for various mortgage types – from first-time buyer mortgages to buy-to-let mortgages. Be sure you are aware that these results only offer a quick indication of how much repayments might be.

Mortgage Comparison Calculator

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