HSBC Offset Mortgages

hsbc mortgages

Latest Deal - HSBC 2 Year FIXED »

Call HSBC FREE on 0800 077 4336 

1.34%Reverts to 3.94% after 2 years


Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.40%

Reverts to 3.99%

2

Years

60%

YesMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.
Tracker

1.84%

Reverts to 3.99%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

2.07%

Reverts to 3.99%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.79%

Reverts to 3.99%

5

Years

60%

YesMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

1.79%

Reverts to 3.99%

5

Years

60%

YesMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

2.27%

Reverts to 4.49%

5

Years

75%

YesMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.
Fixed

3.03%

Reverts to 3.99%

2

Years

85%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.94%

Reverts to 3.94%

10

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

4.10%

Reverts to 3.99%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

For latest information on HSBC Mortgage deals call 0800 077 4336

Customers who choose this type of interest rate deal will be expected to repay their mortgage as part of an interest only agreement. This means that the customer will be responsible for paying the initial loan at the end of the mortgage period.

 

Eligibility

Single applicants must have a minimum salary of £30,000, and joint applicants must have a combined salary of at least £50,000. In order to be eligible for this type of mortgage, customers must also hold a current account with 1st Direct.

 

If for any reason this mortgage deal does not fit with your requirements, customers are advised to research the market as much as possible using mortgage comparisons on the various offers that are available.


Founded in 1865 with headquarters based in London, HSBC are one of the largest global financial services providers in the world. With products designed for four large customer groups, including personal financial services, markets and global and commercial banking, the company offer a wide range of different products that may be highly useful for customers.

 

Although HSBC Offset Mortgages are not directly offered, they are instead supplied by First Direct, a member of the HSBC banking family. Instead of HSBC, Offset Mortgages from First Direct have a number of useful benefits that may prove useful for customers in many instances.

 

Using this type of mortgage, customers can:

  • Overpay on their mortgage by as much as they wish (although early repayment charges may apply if the loan is fully repaid early, depending on the interest rate)
  • Borrow an amount from between 2-25 years

 

If you are searching for more suitable offset mortgage deals, feel free to consult our mortgage comparisons table below:

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker