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UK's 6th largest lender

HSBC lent just under £22bn in 2018. That's 8% of all mortgage lending.

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14 day approval time

That's 7 days faster than the average approval time of lenders we measured.

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Borrow 4.75x your income

You could borrow up to this amount if you meet the lender's requirements.

About HSBC

HSBC is one of the UK’s largest mortgage lenders.

They provided 8% of all mortgages in 2018, a total of £21.5 billion¹.

HSBC offers mortgage deals to many people but often will not lend to you if you have bad credit.

In this review we'll cover:

Compare HSBC mortgages

Compare HSBC mortgages and see how your monthly payments would change depending on the initial period, total mortgage length, your deposit and how much you want to borrow.

After you choose a HSBC mortgage deal, one of our expert mortgage brokers can check whether you're eligible and help arrange the mortgage for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

New mortgage
Your loan to value is 60.00%

Is HSBC a good mortgage lender?

We're looking at public complaints data to estimate HSBC’s quality of service

There were 9,572 complaints from HSBC mortgage customers between July and December 2019. 

That’s around 0.97% of customers and is lower than the 1.06% average across major lenders.*

HSBC scorecard:

*The number of customers this lender serves is not available to the public. This figure is an estimate based on market share and average house price in the UK.

How long an HSBC mortgage application takes

In October it took HSBC an average of 14 days to process mortgage applications from Trussle customers.

That's 7 days faster than the average time it took other big lenders to process Trussle's mortgage applications in October.

Usually HSBC is faster. In the 6 months between January and July, it took HSBC an average of 11 days to process mortgage applications from Trussle customers.

That’s 10 days faster than the 21 day average across all the lenders we submitted to between January and July.

What affects the time taken to approve my application

The time it takes a lender to approve an application depends on your personal circumstances and how busy the lender is.

It can take as little as 24 hours to approve some applications but some can take weeks or even months.

The quality of the application can affect the approval time. A mortgage broker can help by making sure your application has all the details the lender needs.

These details were last updated in November 2020.

How much you can borrow from HSBC

HSBC could lend you up to 4.75 times your salary.

How much you can borrow will also depend on your:

  • credit history

  • debts

  • deposit

  • regular expenses and bills

  • age

See how much you might be able to borrow with our mortgage calculator.

These details were last updated in July 2020.

HSBC mortgage calculator

Calculate how much you may be able to borrow from HSBC with a mortgage. Calculate your monthly HSBC mortgage repayments.

How much can I borrow?
Mortgage repayment calculator

Your home could be repossessed if you don't keep up repayments on your mortgage.

Talk to a mortgage broker or lender to get a more accurate remortgage savings amount.

You could borrow up to:

Loan to value (LTV):00%
Including your deposit, you could afford a house price up to£000,000
Other fees you may have to pay:
Broker fee(free with Trussle)
Additional fees(learn more)

Next steps

If you're ready to get a mortgage, the next step is to answer a few more questions. Then a Trussle adviser will find the best mortgage deal for you.

Your home could be repossessed if you don't keep up repayments on your mortgage.

Talk to a mortgage broker or lender to get a more accurate remortgage savings amount.

Getting an HSBC mortgage

A Mortgage in Principle is also known as a Decision or an Agreement in Principle and will give you a good indication of how much a lender’s potentially prepared to lend to you. 

It’ll also let estate agents know that you’re serious about buying a property.

HSBC have a standard term of 6 months on all their mortgage offers, regardless of whether you’re a new or existing customer. 

This gives you 6 months to finalise the purchase of your property. If there are any delays, you’ll have to reapply or request an extension.

HSBC will release your mortgage funds to the conveyancer on your completion date. 

The completion date is also when you pick up the keys so you can move into your property.

You’ll only agree to a completion date once you’ve paid your deposit for the property and all the legal paperwork has been signed. After that’s taken care of, your solicitor and the seller’s solicitor will choose a date that suits all parties, and they’ll let HSBC know.

HSBC mortgage payments

HSBC will write to you telling you when you need to make your first monthly payment. This letter will also include how much you’ll need to pay.

HSBC does not have a fixed date for writing to you, but you should expect the letter to arrive shortly after you’ve completed your property purchase.

If you have a fixed rate mortgage, you’ll have an annual overpayment allowance. This enables you to make additional payments without incurring a fee.

Currently, the allowance is the equivalent of 10% of the outstanding balance of your mortgage calculated on each anniversary of the start of your fixed rate period.

If you are not able to make an HSBC mortgage repayment for whatever reason, you can discuss your options with your mortgage broker or directly with HSBC - they’ll go through the payment options available to you.


HSBC will require that you get buildings insurance to cover the property they’re investing in. 

HSBC also requires you to get contents insurance, which covers personal possessions within your home.

While you’ll often find buildings and contents insurance bundled together, you can also purchase them separately if you find a better deal.

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Get a mortgage with Trussle today

  • Our customers save an average of £310 a month on their mortgage*

  • Trussle is fee-free for most customers**

  • 5-star Trustpilot rating from over 5,000 reviews

  • 12,000 mortgage deals from 90 lenders

  • Skip the paperwork: apply online any time

*The savings figure is from Trussle mortgage customers in August 2022. **You may have to pay a fee depending on your circumstances and credit history. Learn more.

Your home could be repossessed if you don't keep up repayments on your mortgage.

You may have to pay an early repayment charge to your existing lender if you remortgage.

What people are saying about Trussle...


Deal and rate data was sourced by Trussle. All other information was sourced from HSBC’s own website, unless referenced below.

  1. UK Finance

  2. Financial Conduct Authority