How Much Can I Borrow | Mortgage Calculator | HSBC UK

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Use our indicative calculator to discover how much you could borrow.

1. Your needs

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Please tell us what you intend to do with the property:

Main home - this is the home you intend to reside in permanently.

Additional property - this is a secondary, non-permanent residence that you don't intend to let, such as a weekend home.

Buy-to-Let (funded by rental income) - you intend to let the property, and the rental income will pay the mortgage.

We are unable to provide details of how much you could borrow. Please amend the details you have entered and try again. Please note, the minimum we may lend is £10,000.

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Buy my first property - this means you've not held a mortgage before.

Move house/Buy another property - this is where you have or have had a property with a mortgage and are moving to a new property, or are buying an additional property.

Re-mortgage - this is where you have a property with a mortgage and want to transfer it to HSBC.

Borrow more (existing customer) - this is where you hold an HSBC mortgage and want to borrow more funds against the property.

Borrow funds (has no mortgage) - this is where you own a property outright and want to borrow funds against it.

Please enter what you want to do.

£

Please enter what you expect the monthly rental income to be.

Please enter the monthly rental income using numbers only.

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This should include your mortgage and associated insurance costs.

£

Please enter what you expect the monthly outgoings will cost.

Please enter the expected monthly outgoings using numbers only.

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The estimated property value should be based on the asking price or on the latest valuation of the property whichever is lower.

Please tell us what you would like us to base your quote on.

£

Please enter the estimated property value or deposit.

Please enter the estimated property value or deposit using numbers only.

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Don't forget to consider the longer you pay the mortgage over the more interest you will pay.

You can take out an interest only mortgage for up to 25 years and a capital repayment mortgage for up to 30 years.

Please enter how long you want to pay the mortgage over.

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Please use the list to tell us the region where the property is located.

Please enter the region where the property is.

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You can choose a maximum of 2 applicants if you apply online. If you want a mortgage for more than 2 people, please visit one of our branches.

Please enter how many people are applying.

Please enter how many people are applying.

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If you or anyone else applying for a mortgage with you, has someone financially dependent upon them, give the total number here. For example children under 18, parents or older children etc.

Please enter the number of dependants all applicants have.

How do you use the calculator?

Step 1 Tell us what you want.
Step 2 Tell us about your finances.
Step 3 Calculate your results.


Please note, this calculator displays results for residential lending purposes only and should not be used to indicate how much we may be able to lend on a Buy to let mortgage.

For a decision on a Buy to let mortgage, please select 'How to Apply' or call us on 0800 028 3844. Lines are open 8am-10pm every day. Calls may be monitored and recorded.


2. Your finances

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Your gross annual income is the amount you receive before tax, national insurance and other deductions are made and should include all guaranteed income as well as any permanent allowances that you receive, for example a territorial allowance. Your annual income should not include any overtime, bonuses, commission or any other additional payments that are not guaranteed.

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Please tell us the total amount you have outstanding on your cards, including any storecards. If you pay your cards in full each month, please enter zero.

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Please tell us the total amount you pay each month for secured and/or unsecured personal loans.

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Please tell us of any other regular financial commitments such as insurance, council tax or childcare.

If you share any regular financial commitments please tell us what your share of these is.

Gross annual income for first applicant£

Please enter the gross annual income.

Please enter the gross annual income using numbers only.

Credit card balance for first applicant£

Please enter the current credit card balance.

Please enter the current credit card balance using numbers only.

Monthly loan payments cost for first applicant£

Please enter the total monthly loan payments.

Please enter the total monthly loan payments using numbers only.

Other monthly contracts cost for first applicant£

Please enter the other monthly financial commitments.

Please enter the other monthly financial commitments using numbers only.

Gross annual income for first applicant£

Please enter the gross annual income.

Please enter the gross annual income using numbers only.

Credit card balance for first applicant£

Please enter the current credit card balance.

Please enter the current credit card balance using numbers only.

Monthly loan payments cost for first applicant£

Please enter the total monthly loan payments.

Please enter the total monthly loan payments using numbers only.

Other monthly contracts cost for first applicant£

Please enter the other monthly financial commitments.

Please enter the other monthly financial commitments using numbers only.

Complete all fields that are marked with *.


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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.




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Do I need a solicitor or conveyancer?

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.

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How can I secure the interest rate?

We will reserve the interest rate once you have paid the booking fee (if applicable) and an Underwriter has approved your mortgage application.

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Can I use my own valuers?

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.

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Do you lend on new build properties?

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:

  • a building that has been built in the last 24 months which includes property bought directly from a builder or developer
  • a property that has yet to be occupied for the first time

and/or

  • a property that is yet to be occupied in its current form, for example following a renovation or conversion

The property you're purchasing must have an HSBC recognised satisfactory Structural Defects Warranty.

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How long will it take to process my application?

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

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HSBC Premier eligibility criteria:

HSBC Premier is available to you, as long as you pay your annual income into your HSBC Premier Bank Account and either:

  1. have savings or investments of at least £50,000 with HSBC in the UK; or
  2. have an individual annual income of at least £75,000 and one of the following products with HSBC in the UK:
    • a mortgage;
    • an investment, life insurance or protection product;

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.

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