Buy-to-let mortgages with HSBC Expat - Types of rate

Buy to Let rates

HSBC are not able to provide mortgages to residents of all countries. Subject to confirmation that you meet the applicable eligibility criteria and depending upon your country of residence, individual circumstances and your requirements buy to let mortgages may be provided by either HSBC Expat or HSBC Bank plc, based in the UK.

Choose between tracker or fixed interest rates

HSBC Expat and HSBC Bank plc, in the UK, offer tracker interest rates. HSBC Bank plc, in the UK, also offer fixed interest rates. Before you proceed with a mortgage you should make sure you can afford the monthly payments.

Tracker interest rate

Available from HSBC Expat

The tracker mortgage interest rate is set at an agreed percentage above the Bank of England base rate. The monthly payments rise and fall (track) in line with changes to the base rate.

  • No early repayment charge
  • Make unlimited overpayments
  • Make lump sum reductions
  • Repay your loan at any time

The following tracker mortgage interest rates are available from HSBC Expat Only:

For information on the tracker mortgage interest rates available from HSBC Bank plc, in the UK visit:
www.hsbc.co.uk/1/2/mortgages/mortgage-rates/buy-to-let

Fixed interest rate

Available from HSBC Bank plc, in the UK, only.

A fixed rate mortgage provides the security of fixed mortgage payments until an agreed date, no matter what happens to interest rates. HSBC Bank plc, in the UK fixed rate mortgages revert to the HSBC variable rate at the end of the fixed rate period.

An Early Repayment Charge applies if you increase your standard monthly payment by more than 20% or you repay (by any other method) all or part of your mortgage, over and above your standard monthly payment, during a fixed rate period.

For information on the fixed mortgage interest rates available from HSBC Bank plc, in the UK visit:
www.hsbc.co.uk/1/2/mortgages/mortgage-rates/buy-to-let

 

Understanding fees

A number of different fees are chargeable for different types of mortgages. The table below explains some of the fees involved and provides amounts where possible.

Fee Payable Tracker Fixed
Is there a Booking fee?
A non-refundable fee charged on some mortgages to secure a particular mortgage deal and/or to cover administration costs.
Yes - refer to KFI Yes - refer to KFI
Arrangement fee
The fee charged for the administration involved in arranging the loan.
N/A N/A
Is there a Service fee?
The fee charged by a lender who, with the customer's written consent, requests details from their existing mortgage lender.
£60 + VAT £60 + VAT
Is there a Completion fee?
A Completion fee is a fee the lender charges to cover the cost of electronically transferring the mortgage funds to the borrower.
£30 £30
Is there a Standard Valuation fee?
Also referred to as a professional valuation, a Standard Valuation Fee is a fee to cover the basic valuation of a property conducted on behalf of a mortgage lender to enable them to assess the security offered by the property for the proposed mortgage.
Yes,
see table below
Yes,
see table below
Is there an exit fee
An exit fee is a fee charged by many institutions when you fully repay your mortgage. HSBC Bank do not charge an exit fee.
No No


Standard Valutation fee scale

The current fee, including VAT (UK only), for HSBC Expat, Buy to Let property valuations is detailed below. Fees are subject to change, therefore, please refer to your Key Facts Illustration for details of the fees payable by you. The valuation fee quoted includes a £35 non-refundable administration fee. Please note this fee scale is not applicable to properties in the Channel Islands and Isle of Man. For such properties please refer to your local HSBC Bank plc, in the UK branch.

Valuation up to Standard Valuation Report
(inc. VAT)
Homebuyer Report
(inc. VAT)
Building Survey
(inc. VAT)
£0.00 - £75,000 £125 £269 £503
£75,001 - £100,000 £137 £299 £539
£100,001 - £150,000 £149 £341 £629
£150,001 - £200,000 £173 £383 £695
£200,001 - £250,000 £197 £443 £731
£250,001 - £300,000 £227 £461 £767
£300,001 - £400,000 £263 £521 £797
£400,001 - £500,000 £281 £593 £881
£500,001 - £600,000 £365 £611 £1,001
£600,001 - £700,000 £395 £671 £1,073
£700,001 - £800,000 £443 £755 £1,145
£800,001 - £900,000 £497 £755 £1,193
£900,001 - £1,000,000 £521 £755 £1,277
£1,000,001 - £1,250,000 £641 £835 £1,421
£1,250,001 - £1,500,000 £719 £877 £1,529
£1,500,001 - £1,750,000 £749 £949 £1,673
£1,750,001 - £2,000,000 £749 £1,021 £1,775
£2,000,001+ By negotiation By negotiation By negotiation

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

Got a question?

HSBC Expat Premier customers
call us on +44 1534 616 081
HSBC Expat Advance customers
call us on +44 1534 616 082
New to HSBC Expat
call us on +44 1534 616 141

We are open 24/7. Calls may be monitored and/or recorded for security and service improvement purposes.

Got a question?

HSBC Expat Premier customers
call us on +44 1534 616 081
HSBC Expat Advance customers
call us on +44 1534 616 082
New to HSBC Expat
call us on +44 1534 616 141

We are open 24/7. Calls may be monitored and/or recorded for security and service improvement purposes.