Complete all fields that are marked with *.
Shared Ownership schemes are provided through housing associations. You usually buy a share of your home (25% to 75% of the home's value) and pay rent on the remaining share.
Think carefully before securing other debts against your property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
As part of your home purchase you will require a solicitor or conveyancer to represent you, HSBC will also require a solicitor or conveyancer to act on its behalf.
You have three options to choose from. Please see your conveyancing options for information available to you.
HSBC use an approved panel of surveyors to value properties we lend against. For purchase, remortgage and homeowner loan applications we'll carry out a Standard Valuation to ensure the property we are lending against provides suitable security for a HSBC mortgage.
If you're purchasing a property you may wish to have a more comprehensive valuation carried out such as a Homebuyers Report or Building Survey and you have the option to use your own valuer however one of our approved panel of surveyors will need to carry out a Standard Valuation. Alternatively you can use one of our approved valuers for a more comprehensive valuation when they visit the property for a Standard Valuation. See our Valuation Fee Scale for details on costs.
Yes, we may lend up to a maximum of 85% Loan to Value (LTV) on New Build Properties. If you have a an LTV greater than 75% you will be required to have a minimum deposit of £25,000.
A New Build Property is defined as:
and/or
The property you're purchasing must have an HSBC recognised satisfactory Structural Defects Warranty.
It varies between applications and is dependent on the circumstances and complexity of the case. On average, a typical house purchase takes 6-8 weeks to complete from when the application is submitted. Remortgages take around 4-6 weeks to complete from when the application is submitted and Homeowner Loans take around 2-4 weeks to complete from when the application is submitted.
The Financial Conduct Authority recently conducted a review of the mortgage market which may increase the mortgage application process. Read more on the mortgage market review
HSBC Premier is available to you, as long as you pay your annual income into your HSBC Premier Bank Account and either:
Or, qualify for HSBC Premier in another country.
Please note: HSBC in the UK excludes M&S Bank, first direct and HSBC Expat. For the second criteria, in the case of a joint account, at least one of the parties must have an individual annual income of at least £75,000. The investment, life insurance or protection products also include those purchased through one of HSBC's advisers.
This link may allow you to access a non-HSBC website. HSBC has no control over the linked website and is not liable for your use of it.
proceed
We use cookies to help keep our website and services working properly. These cookies are necessary and are set automatically.
We'd also like to use some optional cookies that:
You can either 'Accept' or 'Decline' these cookies or choose what cookies to accept in 'Manage cookies'.
To learn more about how we use cookies, visit our Cookie Notice.