HSBC UK
BankHSBC UK is the British retail arm of the global HSBC Group, providing mortgage solutions for UK residents, expats, and foreign nationals. Its international reach makes it a leading choice for borrowers with overseas income or cross-border property requirements.
About HSBC UK
HSBC UK is the UK retail banking arm of HSBC Holdings, one of the world's largest banking and financial services organisations. The bank's UK roots date to 1865 when the Hongkong and Shanghai Banking Corporation was founded. HSBC acquired Midland Bank in 1992, establishing a major UK presence, and later rebranded its UK retail operations as HSBC UK.
HSBC UK is particularly well known for its expat and foreign national mortgage products. As part of a global network, the bank can assess overseas income and serve UK residents living abroad who wish to buy property in the UK. This makes HSBC a leading choice for international professionals, returning expats, and foreign nationals. The bank also offers offset mortgages, linking savings to reduce interest payable.
HSBC UK operates through branches, online banking, and telephone services. It maintains a strong presence in the mortgage market with competitive rates and fee-free options. The bank is regulated by the FCA and PRA and is part of the UK's ring-fenced banking structure.
Lending Focus
HSBC UK offers mortgage products across 4 categories including Residential, Buy-to-Let, Expat and 1 more.
Key Features
- Specialist expat and foreign national mortgage products
- Offset mortgage linking savings to reduce interest payable
- Fee-free mortgage options with no arrangement or booking fees
- International income accepted for mortgage affordability assessments
- Premier and Jade mortgage rates for high-net-worth clients
Pros & Cons
Pros
- Specialist expat and foreign national mortgages — one of the few UK lenders offering these
- Fee-free mortgage options available across a wide product range
- Offset mortgage facility allows savings to reduce interest costs
- Preferential rates for Premier and Jade high-net-worth clients
Cons
- –Maximum LTV of 90% — lower than some competitors offering 95% LTV
- –No shared ownership, Help to Buy, or self-build products
- –Can be slower to process applications than some high street rivals
Fees & Charges
- Arrangement Fee
- £999 or fee-free options available
- Valuation Fee
- Free on most residential products
- Early Repayment Charge
- 1–5% during the initial deal period
- Overpayment Allowance
- Up to 10% per year without charge
Mortgage Rates
Rate data coming soon. View rates on HSBC UK
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 3–5 weeks from application to offer
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 90%
- Max Loan Amount
- £5m
- Min Loan Amount
- £25k
- Rate Types
- fixed, tracker, offset
Frequently Asked Questions
Can I get an HSBC mortgage as an expat living abroad?
Yes, HSBC is one of the leading UK lenders for expat mortgages. They accept applicants living in many countries worldwide and can assess overseas income. You may need an HSBC international banking relationship to qualify.
Does HSBC offer fee-free mortgages?
Yes, HSBC offers a range of fee-free mortgage products with no arrangement or booking fees. These typically come with slightly higher interest rates compared to their fee-paying equivalents.
What is the HSBC offset mortgage?
The HSBC offset mortgage links your savings to your mortgage balance, so you only pay interest on the difference. For example, if you owe £200,000 and have £30,000 in savings, you pay interest on £170,000.
Does HSBC accept foreign currency income for mortgage applications?
Yes, HSBC can assess income earned in foreign currencies for mortgage affordability. This makes them a strong choice for applicants with international earnings.
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Bank of China UK | Residential, Buy-to-Let, Expat+1 | Bank | 75% |
| Axis Bank UK | Residential, Expat, Foreign National | Bank | 75% |
| Skipton International | Residential, Buy-to-Let, Expat | Specialist | 80% |
| West Bromwich Building Society | Residential, Buy-to-Let, Expat | Building Soc. | 90% |
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice.Always verify lender details directly and seek independent advice before making financial decisions.
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