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Mortgage Rates

We offer a range of mortgages designed to suit you.

Whether you're a first time buyer or looking to remortgage, we offer different levels of flexibility and security across all our mortgages, subject to a maximum Loan To Value (LTV). The loan to value represents the percentage of the value of the property which you want to borrow. E.g. a £100K property with an £80K mortgage = an 80% LTV.

The rates shown below are available for new and existing HSBC mortgage customers. If you have an HSBC mortgage and the rate is due to expire or has already come to an end, find out more about switching here.

Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.

Contact us

Fixed Rate Mortgages

60% Maximum Loan to Value (LTV)

Mortgage Initial interest rate* Followed by a Variable Rate, currently* Initial interest rate period* Overall cost for comparison (APRC)* Booking fee* Annual overpayment allowance* Maximum loan amount  
2 Year Fixed Fee Saver

1.24%
fixed

3.54%

2 Years fixed rate until 31.08.23

3.2%
APRC

£0

10%

£5,000,000

Get a decision in principle
2 Year Fixed Standard

0.99%
fixed

3.54%

2 Years fixed rate until 31.08.23

3.2%
APRC

£999

10%

£5,000,000

Get a decision in principle

2 Year Fixed Standard Buy To Let
2.09%
fixed
4.60%
2 Years fixed rate until 31.08.23

3.8%

APRC

£349
10%
£2,000,000
Get a decision in principle
2 Year Fixed Standard Buy To Let

1.54%

fixed

4.60%
2 Years fixed rate until 31.08.23

3.9%

APRC

£1999
10%
£2,000,000
Get a decision in principle
3 Year Fixed Fee Saver
1.34%
fixed
3.54%
3 Years fixed rate until 31.08.24
3%
APRC

£0
10%
£5,000,000
Get a decision in principle
3 Year Fixed Standard
1.14%
fixed
3.54%
3 Years fixed rate until 31.08.24
3%
APRC

£999
10%
£5,000,000
Get a decision in principle
5 Year Fixed Fee Saver

1.39%
fixed

3.54%

5 Years fixed rate until 31.08.26

2.7%
APRC

£0

10%

£5,000,000

Get a decision in principle
5 Year Fixed Standard

1.19%
fixed

3.54%

5 Years fixed rate until 31.08.26

2.7%
APRC

£999

10%

£5,000,000

Get a decision in principle
5 Year Fixed Premier Standard

1.16%
fixed

3.54%

5 Years fixed rate until 31.08.26

2.7%
APRC

£1499

10%

£5,000,000

Get a decision in principle
5 Year Fixed Standard Buy To Let

2.24%

fixed

4.60%
5 Years fixed rate until 31.08.26

3.4%

APRC

£349
10%
£2,000,000
Get a decision in principle
5 Year Fixed Standard Buy To Let

1.84%

fixed

4.60%
5 Years fixed rate until 31.08.26

3.5%

APRC

£1999
10%
£2,000,000
Get a decision in principle

60% Maximum Loan to Value (LTV)

Mortgage 2 Year Fixed Fee Saver
Initial interest rate*

1.24%
fixed

Followed by a Variable Rate, currently*

3.54%

Initial interest rate period*

2 Years fixed rate until 31.08.23

Overall cost for comparison (APRC)* 3.2%
APRC
Booking fee*

£0

Annual overpayment allowance*

10%

Maximum loan amount

£5,000,000

  Get a decision in principle
Mortgage 2 Year Fixed Standard
Initial interest rate*

0.99%
fixed

Followed by a Variable Rate, currently*

3.54%

Initial interest rate period*

2 Years fixed rate until 31.08.23

Overall cost for comparison (APRC)* 3.2%
APRC

Booking fee*

£999

Annual overpayment allowance*

10%

Maximum loan amount

£5,000,000

  Get a decision in principle

Mortgage 2 Year Fixed Standard Buy To Let
Initial interest rate* 2.09%
fixed
Followed by a Variable Rate, currently* 4.60%
Initial interest rate period* 2 Years fixed rate until 31.08.23
Overall cost for comparison (APRC)*

3.8%

APRC

Booking fee* £349
Annual overpayment allowance* 10%
Maximum loan amount £2,000,000
  Get a decision in principle
Mortgage 2 Year Fixed Standard Buy To Let
Initial interest rate*

1.54%

fixed

Followed by a Variable Rate, currently* 4.60%
Initial interest rate period* 2 Years fixed rate until 31.08.23
Overall cost for comparison (APRC)*

3.9%

APRC

Booking fee* £1999
Annual overpayment allowance* 10%
Maximum loan amount £2,000,000
  Get a decision in principle
Mortgage 3 Year Fixed Fee Saver
Initial interest rate* 1.34%
fixed
Followed by a Variable Rate, currently* 3.54%
Initial interest rate period* 3 Years fixed rate until 31.08.24
Overall cost for comparison (APRC)* 3%
APRC

Booking fee* £0
Annual overpayment allowance* 10%
Maximum loan amount £5,000,000
  Get a decision in principle
Mortgage 3 Year Fixed Standard
Initial interest rate* 1.14%
fixed
Followed by a Variable Rate, currently* 3.54%
Initial interest rate period* 3 Years fixed rate until 31.08.24
Overall cost for comparison (APRC)* 3%
APRC

Booking fee* £999
Annual overpayment allowance* 10%
Maximum loan amount £5,000,000
  Get a decision in principle
Mortgage 5 Year Fixed Fee Saver
Initial interest rate*

1.39%
fixed

Followed by a Variable Rate, currently*

3.54%

Initial interest rate period*

5 Years fixed rate until 31.08.26

Overall cost for comparison (APRC)* 2.7%
APRC
Booking fee*

£0

Annual overpayment allowance*

10%

Maximum loan amount

£5,000,000

  Get a decision in principle
Mortgage 5 Year Fixed Standard
Initial interest rate*

1.19%
fixed

Followed by a Variable Rate, currently*

3.54%

Initial interest rate period*

5 Years fixed rate until 31.08.26

Overall cost for comparison (APRC)* 2.7%
APRC
Booking fee*

£999

Annual overpayment allowance*

10%

Maximum loan amount

£5,000,000

  Get a decision in principle
Mortgage 5 Year Fixed Premier Standard
Initial interest rate*

1.16%
fixed

Followed by a Variable Rate, currently*

3.54%

Initial interest rate period*

5 Years fixed rate until 31.08.26

Overall cost for comparison (APRC)* 2.7%
APRC
Booking fee*

£1499

Annual overpayment allowance*

10%

Maximum loan amount

£5,000,000

  Get a decision in principle
Mortgage 5 Year Fixed Standard Buy To Let
Initial interest rate*

2.24%

fixed

Followed by a Variable Rate, currently* 4.60%
Initial interest rate period* 5 Years fixed rate until 31.08.26
Overall cost for comparison (APRC)*

3.4%

APRC

Booking fee* £349
Annual overpayment allowance* 10%
Maximum loan amount £2,000,000
  Get a decision in principle
Mortgage 5 Year Fixed Standard Buy To Let
Initial interest rate*

1.84%

fixed

Followed by a Variable Rate, currently* 4.60%
Initial interest rate period* 5 Years fixed rate until 31.08.26
Overall cost for comparison (APRC)*

3.5%

APRC

Booking fee* £1999
Annual overpayment allowance* 10%
Maximum loan amount £2,000,000
  Get a decision in principle

Tracker Mortgages

60% Maximum Loan to Value (LTV)

Mortgage

Initial interest rate*

Followed by a variable rate, currently*

Initial interest rate period*

Overall cost for comparison (APRC)*

Booking fee*

Maximum loan amount

 
2 Year Term Tracker Standard

1.39%
variable

3.54%

2 Years

3.3%
APRC

£999

£5,000,000

Get a decision in principle
2 Year Term Tracker Standard Buy To Let

2.34%

variable

4.60%
2 Years

3.9%

APRC 

£349
£2,000,000
Get a decision in principle
2 Year Term Tracker Standard Buy To Let

1.84%

variable

4.60%
2 Years

4%

APRC

£1999
£2,000,000
Get a decision in principle

60% Maximum Loan to Value (LTV)

Mortgage 2 Year Term Tracker Standard

Initial interest rate*

1.39%
variable

Followed by a variable rate, currently*

3.54%

Initial interest rate period*

2 Years

Overall cost for comparison (APRC)*

3.3%
APRC

Booking fee*

£999

Maximum loan amount

£5,000,000

  Get a decision in principle
Mortgage 2 Year Term Tracker Standard Buy To Let

Initial interest rate*

2.34%

variable

Followed by a variable rate, currently*

4.60%

Initial interest rate period*

2 Years

Overall cost for comparison (APRC)*

3.9%

APRC 

Booking fee*

£349

Maximum loan amount

£2,000,000
  Get a decision in principle
Mortgage 2 Year Term Tracker Standard Buy To Let

Initial interest rate*

1.84%

variable

Followed by a variable rate, currently*

4.60%

Initial interest rate period*

2 Years

Overall cost for comparison (APRC)*

4%

APRC

Booking fee*

£1999

Maximum loan amount

£2,000,000
  Get a decision in principle

Early Repayment Charges

  • an Early Repayment Charge (ERC) applies to fixed rate mortgages. The ERC is calculated as 1% of the amount repaid early, above any annual overpayment allowance, for each remaining year of the period during which the ERC applies, reducing on a daily basis. However, (after taking your allowance into account) a maximum 5% of your overpayment will be charged.
  • pay your mortgage off early: An ERC is a charge you may have to pay if you repay the whole or part of your mortgage early. The ERC also applies if you switch your mortgage rate to another HSBC mortgage product.
  • you'll have an annual overpayment allowance (AOA) to enable you to make additional payments during the fixed rate period without incurring an early repayment charge. The allowance is equivalent to 10% of the outstanding balance of your mortgage calculated on each anniversary of the start of your fixed rate period. Anything over this will incur an early repayment charge. 

Standard variable rate:

Our current standard variable rate for residential mortgages (which is referred to either as the HSBC Variable Rate or the HSBC Standard Variable Rate) is 3.54% and for Buy to Let mortgages (which is referred to as either the HSBC Buy to Let Variable Rate or as the HSBC Standard Variable Buy to Let Rate) is 4.60%, effective from 1st April 2020. These rates only apply when a fixed or tracker rate no longer applies.

Representative Example
 

A repayment mortgage of £163,599.59 payable over 24 years initially on a fixed rate for 2 years at 2.99% and then on our current variable rate of 3.54% (variable) for the remaining 22 years would require 24 monthly payments of £796.98 and 263 monthly payments of £840.74, plus one final payment of £840.40.

The total amount payable would be £241,394.54 made up of the loan amount plus interest (£77,482.95).

In this example, the overall cost for comparison is 3.50% APRC representative.

The above representative example is based on the highest APRC applicable to customers purchasing a property. Please note your actual costs and monthly repayments will vary.

What will be the impact of coronavirus on mortgage rates?

If you’re on a fixed rate mortgage deal, there will be no change. You’ll continue to pay the same amount each month that you do now. When your fixed rate period ends, we recommend you look around for the best deal. You can find details about our different mortgage products online or give us a ring on 0800 169 6333. Our lines are open Monday – Saturday 08:00 – 20:00, Sunday 09:00 – 18:00. We may monitor and record calls. Opening hours may vary.

If you’re on a variable rate mortgage deal, the amount you pay may change just as it could today. Your mortgage rate will be based on the Bank of England base rate, plus a number of other factors. We’ll always let you know if your interest rate changes. If you’re on a  variable or tracker rate, you have the option of switching to a fixed rate. You can do this with no penalty fees or upfront costs. Please contact us on the details above to check out our latest deals. 

Your mortgage illustration

This information does not contain all of the details you need, so remember to read your inidividual mortgage illustration before you choose a mortgage. To get your illustration, use Find and Compare, where you'll have an option to generate an illustration for any of the mortgages shown. 

Your mortgage illustration sets out the details of all associated rates and fees for a mortgage product. This is in the same format for all lenders to enable customers to easily compare products. 

How to apply

New Application

Applying for a mortgage involves two stages, firstly getting a Decision in Principle; secondly making a mortgage application. 

Already started an application?

If you started a mortgage application over the phone, in branch or online, you can log on to complete it or track its progress. 

Think carefully before securing other debts against your home.

Your home may be repossessed if you do not keep up repayments on your mortgage.

† Lines open Monday – Saturday 08:00 – 20:00, Sunday 09:00 – 18:00. Calls may be monitored and recorded. Opening hours within the mortgage departments may vary.

It’s easy to answer your query online. Visit our Help page to find out how.