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Who are HSBC?
HSBC Bank is one of the largest banks in the world, with operations in over 80 countries and territories.
The bank has a long history dating back to 1865, when it was founded in Hong Kong. Although HSBC began in 1865, it did not establish a strong foothold in the UK until the acquisition of Midlands Bank in 1992.
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What mortgages does HSBC specialise in?
The bank provides complete banking and financial services to individuals and businesses. Services include credit and debit cards, personal and business banking, mortgages, insurance, and investments.
HSBC Bank mortgage products are designed to meet the needs of a wide range of borrowers.
The bank offers fixed rate, adjustable rate, and interest-only mortgages, as well as a variety of unique products for first time homebuyers, older applicants, and others.
HSBC mortgage rates
When you’re shopping for a mortgage, there are a few key things to keep in mind. Make sure you know the difference between fixed rate and variable rate mortgages and compare interest rates from multiple lenders. It’s also important to be aware of the fees associated with the loan and consider its terms and conditions and reputation.
If you want to make an HSBC mortgage application, you have a few different options.
You can do it online, in person at a branch, or over the phone.
You can also receive mortgage advice from HSBC regarding any mortgage products they offer. However, they will only be able to recommend HSBC products.
Or you can use a mortgage broker who can consider the whole market and ensure the right mortgage is selected for you. They also can complete your HSBC mortgage application.
Switch product – Product transfer
It may be possible for you to switch to a new rate through HSBC’s product transfer process. However, speaking to a mortgage advisor first is always a good idea. They can review the whole market to ensure you get the best deal possible. Plus, the mortgage advisor can handle the transfer for you. So you can save yourself some time and hassle.
Can I increase my borrowing with HSBC?
You may be able to borrow more on your HSBC mortgage if you still meet the HSBC mortgage affordability requirements.
However, it may be beneficial to seek out a mortgage broker with access to a broader range of products from different lenders, rather than just those available from HSBC. This broker can help you compare options and find the mortgage that best suits your needs.
How long does it take to get a mortgage offer from HSBC?
It typically takes two weeks from application to offer when applying with HSBC. However, the time frame might be longer for those with bad credit, a non-standard property type, or self-employed income.
Declined an HSBC mortgage?
If you have bad credit, it’s unlikely that HSBC will approve your mortgage application. However, it’s worth speaking to an HSBC mortgage advisor to see if you could qualify for a mortgage with another lender. Many different factors, such as the kind of property you’re buying, your credit history, your income and whether you can afford your mortgage, can affect whether or not you can get a mortgage.
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HSBC Bank is one of the world’s largest banks, operating in over 80 countries and territories. The bank provides a full range of banking and financial services to individuals and businesses, including credit and debit cards, personal and business banking, mortgages, insurance, investments, and more.
The bank offers a wide variety of mortgage products to meet the needs of a range of borrowers, including fixed rate, adjustable rate, and interest-only mortgages, as well as unique products for first-time homebuyers, older applicants, and others. You can receive mortgage advice from HSBC regarding any of their mortgage products, but they will only be able to recommend HSBC products.
Or, you can use a mortgage broker who can consider the whole market and ensure the right mortgage is selected for you. Mortgage brokers can also complete your HSBC mortgage application.
To speak with a mortgage advisor to determine which mortgage is right for you, you can complete our contact form to get in touch with an expert mortgage advisor.