How it works – We will buy the property jointly with you.
The property will be held in trust for both of us by HSBC Trust Company.
As you make monthly payments, your share of the property will increase as the bank's share decreases.
Assuming you pay a 35% deposit, at the start of the agreement the bank will typically have a 65% share and you will have a 35% share.
With each payment you make, you will pay us rent for use of the bank's share of the property and acquire an additional share for yourself.
Once all the payments have been made, you will own all the shares and the property will be transferred to your name on your instruction.
You can also make additional lump sum payments which will allow you to acquire additional shares in the property.
Your home is at risk if you do not keep up the required payments and comply with the terms of your HSBC Amanah Home Finance plan.
