Residential mortgages with HSBC Expat - Fixed rate, Tracker, Discount


Types of mortgage

HSBC Bank plc, in the UK offer two ways of paying back your mortgage; capital repayment and interest only. You can choose from these two methods, according to your own personal circumstances.

Capital Repayment

With a capital repayment mortgage your monthly payment covers the interest charged on your mortgage and it also reduces the outstanding balance each month in line with the repayment term selected. With this type of mortgage you can ensure your mortgage is fully paid off at the end of the mortgage term providing you keep up with your mortgage payments.

What you get with a capital repayment mortgage:

  • Interest and capital repaid - your monthly payment covers the interest and also reduces the total outstanding balance
  • Security - providing all payments are made, your mortgage will be repaid in full at the end of the agreed mortgage term
  • Choose your repayment term - up to a maximum of 30 years

The maximum age on a capital repayment basis is 75 years old at the end of the mortgage term (subject to status). For joint applications this will be the maximum age of the eldest party.

Interest Only

With an interest only mortgage, your monthly payment only covers the interest charged on your mortgage. You are responsible for making your own arrangements to repay your mortgage at the end of the mortgage term. You must demonstrate that you have an acceptable repayment vehicle in place, for example you may choose to use an endowment policy, another investment or savings plan. Your property may be repossessed if you do not have sufficient funds to repay the capital balance outstanding at the end of the term.

What you get with an interest only mortgage:

  • Interest only - your monthly payment only covers the interest, and the original capital amount borrowed remains outstanding throughout the term of the mortgage.
  • Lower monthly payments - because you are not repaying the capital, your monthly payments will be lower than with a capital repayment mortgage
  • Choose your mortgage loan term - up to a maximum of 25 years

Important considerations for interest only mortgages

  • Interest only mortgages have a lower borrowing limit - up to a maximum of 75% of the purchase price or the valuation of your property (whichever is lower).
  • The maximum age for an interest only basis is 65 years old at the end of the mortgage term (subject to status). For joint applications this will be the maximum age of the eldest party.
  • You must hold or open an HSBC Premier Bank Account and meet our HSBC Premier eligibility criteria.
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Your home may be repossessed if you do not keep up repayments on your mortgage.


Need a tailored lending plan?

Need a tailored lending plan?

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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.