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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
HSBC Mortgage Rates & Review
HSBC offers fixed and tracker mortgage rates, for remortgaging, first-time buyers and home movers. Here’s our HSBC mortgage rate comparison and review.
HSBC mortgages: at a glance
HSBC offers a wide choice of mortgages on a capital repayment and interest-only basis. You can apply for a HSBC mortgage in a variety of ways, including online, over the phone, at an HSBC branch, and through a broker.
Compare HSBC mortgage rates
HSBC typically offers fixed-rate mortgages and tracker mortgages to first-time buyers, home movers and those looking to remortgage. It offers buy-to-let mortgages to new and existing landlords too.
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HSBC Fixed-Rate Mortgages
Important Information:
The data in this mortgage product comparison service is provided by L&C Mortgages. Information is updated up to once daily from L&C’s whole of market mortgage database, however some products may only be available directly with a lender. By selecting to Check If You Qualify you will be introduced to L&C Mortgages and their qualified advisors. NerdWallet brings you this mortgage product comparison as a guide. Information does not constitute advice or recommendation. Rates should be considered with all fees and charges. Mortgage suitability is specific to your own personal and financial circumstances.
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HSBC Tracker Mortgages
Important Information:
The data in this mortgage product comparison service is provided by L&C Mortgages. Information is updated up to once daily from L&C’s whole of market mortgage database, however some products may only be available directly with a lender. By selecting to Check If You Qualify you will be introduced to L&C Mortgages and their qualified advisors. NerdWallet brings you this mortgage product comparison as a guide. Information does not constitute advice or recommendation. Rates should be considered with all fees and charges. Mortgage suitability is specific to your own personal and financial circumstances.
Which HSBC mortgage is right for you?
Making sure you get the right type of mortgage rate for you is crucial, whether it’s from HSBC or a different lender.
HSBC fixed-rate mortgages
Choosing a fixed-rate mortgage from HSBC means your mortgage rate won’t change for the period of time you’ve fixed. When this period expires, you may want to remortgage. If not, you will move onto HSBC’s standard variable rate (SVR), which is likely to be higher than the rate you’ve just left and could rise or fall going forward.
HSBC tracker mortgages
With a tracker mortgage your mortgage rate and monthly repayments have the potential to increase or decrease. This will depend on movements in the Bank of England base rate. Before opting for any kind of variable rate mortgage, it’s important to check whether you could still afford your monthly repayments if interest rates were to rise.
» MORE: See best mortgage rates from other lenders
What types of mortgages does HSBC offer?
HSBC first-time buyer mortgages
HSBC first-time buyer mortgages tend to be available up to 95% loan-to-value (LTV), meaning it may be possible to get a mortgage with as little as a 5% deposit. Fixed-rate and tracker options are usually both available to first-time buyers, as are mortgages with no booking fee.
HSBC remortgages
If you’re thinking of remortgaging, HSBC offers fixed rate and tracker remortgage deals across a range of LTVs. Fixed-rate mortgages for remortgaging are typically available over various terms.
HSBC buy-to-let mortgages
HSBC buy-to-let mortgages are available for those buying new buy-to-let properties and for existing landlords looking to remortgage. Both fixed and tracker rates are usually on offer.
HSBC Mortgages
5 to 40 years
£10,000
Capital & Interest; and Interest Only
Yes
Yes
This mortgage provider is available via our partner, London & Country Mortgages.
Think carefully before taking out any mortgage. Your home may be repossessed if you do not keep up repayments.
The information in this review is correct as at the date the page was last updated. This is our review of a lender and not the products, interest rates, fees or deal terms they offer. Many lenders also offer preferential products exclusively via brokers and intermediaries. This review does not constitute advice or recommendation.
More mortgage lender reviews
Take a look at some of the other mortgage lenders we review.
HSBC mortgage features
Repayment options
HSBC offers mortgages on both a capital repayment and interest-only basis. With a repayment mortgage, your repayments go towards paying off your interest and some of your original mortgage debt each month. As long as you keep up with your repayments, you should have paid everything off by the end of your full mortgage term.
By contrast, with an interest-only mortgage, your repayments only cover the interest that you’re charged each month, meaning you will need to have a repayment strategy for paying off the capital in its entirety at the end of the mortgage term. This may be in the form of savings, investments or other assets you may have.
» MORE: Interest-only vs. repayment mortgages
Loan-to-value ratios
HSBC repayment mortgages tend to be available from 60% LTV all the way up to 95% LTV. This means you may be able to get an HSBC mortgage with a 5% deposit. HSBC interest-only mortgages usually have a lower borrowing limit.
» MORE: Why your LTV is important for a mortgage
Mortgage offers
If you apply for an HSBC mortgage and the bank makes you a mortgage offer, this tends to be valid for up to six months. During this time, the rate you’ve been offered is secured and won’t change, regardless of what may happen to mortgage rates generally.
Making overpayments
HSBC allows mortgage borrowers to make overpayments if they wish. Overpaying on your mortgage may help you clear your mortgage sooner and pay less in interest overall. With an HSBC fixed-rate mortgage it may be possible to overpay 10% of your outstanding balance without incurring an early repayment charge (ERC). It’s possible there will be no limit to how much you can overpay on a HSBC tracker mortgage, but always check the details of your particular mortgage before paying extra.
» MORE: Mortgage overpayment calculator
Paying off your mortgage early
It’s possible to pay off an HSBC mortgage early, but for fixed-rate mortgages, the overpayment limits may apply, meaning you’d have to pay an ERC if you exceed them. If you have a tracker mortgage, or you’ve moved onto HSBC’s standard variable rate because your initial deal has expired, charges don’t usually apply. It’s always best to check with your lender if you intend to pay off your mortgage early to get a clear understanding of how much you need to pay in total and to find out if any other charges will apply.
Porting your mortgage
If you’re moving home and already have an HSBC mortgage, it’s possible to ‘port’ your HSBC mortgage and take it with you to your new property. If the amount you’re borrowing, your mortgage rate and the end date of your current deal stay the same, porting a mortgage may mean you can avoid having to pay an ERC.
Mortgage calculators
If you want to do some mortgage number crunching, there are various mortgage calculators on the HSBC website that you can use, including ones that aim to help you work out how much you can borrow and what your monthly repayments may be.
» MORE: Best mortgage lenders
HSBC Mortgage FAQs
The latest HSBC mortgage interest rates can be seen in the ‘Compare HSBC mortgage rates’ table at the top of this page.
Lenders regularly review and change the mortgage rates that they offer. This makes it essential to research and compare the latest mortgage rates available before making a final decision.
Having a good credit score may make it easier to get a mortgage from HSBC. Your application may still be considered if your credit rating is less than perfect, but it’s important not to apply for any type of loan you’re unlikely to get in case it has a negative effect on your credit score.
Mortgage offers from HSBC are usually valid for six months. During this time, the mortgage rate you’ve been offered will not change.
This is our review of a lender and not the products, interest rates, fees or deal terms they offer. Many lenders also offer preferential products exclusively via brokers and intermediaries. This review does not constitute advice or recommendation.
Review methodology
Product details reflect the information that was available at that time but may have changed since. We strive to give you a review on as many products as possible, but it is likely there are others available that we have not reviewed. The review is our opinion, but it does not constitute advice, recommendation or suitability for your financial circumstances.
You can view our full review methodology here.
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