Mortgage Calculator Help

Is this a joint or sole mortgage?
What type of buyer are you?
How many dependents do you have?
Gross annual income
Total monthly loan repayments
Outstanding credit card balances
Monthly contractual commitments
Deposit
Valuation
Mortgage term required
How old are you?
How much would you like to borrow?
Capital Repayment
Interest Only
HSBC Premier
HSBC Advance
Fixed
Tracker
Fee Saver
Standard
Personalised quote
Agreement in Principle

 

Is this a joint or sole mortgage?
Our mortgage calculator can provide a quote in either your sole name or in joint names with another party. All parties must be aged 18 or over.

We offer mortgages for up to 4 people buying together. For more information, please just call us on 0800 169 6333 or visit your local branch.

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What type of buyer are you?

For all buyer types, the maximum LTV we will lend will depend on your individual situation, the property you are purchasing (e.g. 75% for new builds ), the loan you choose and the amount you borrow.

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How many dependents do you have?
Dependents include:

  • Children under the age of 18
  • Children over the age of 18 who are in full time education
  • Any spouse, partner or other member of your immediate family who are financially dependent on you and are not included on the mortgage
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Gross annual income
This includes:

  • Basic salary
  • Permanent allowances e.g. guaranteed overtime, guaranteed bonus/fees, guaranteed commission
  • Additional income e.g. maintenance payments, child benefit, family tax credit, child support agency awards and investment income

Permanent allowances and additional income must be assured and regular. Confirmation may be requested.

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Total monthly loan repayments
This is the total monthly payments for any loans / hire purchase agreements that will not be paid off on completion of the new mortgage. Joint loans are to be entered under the main applicant only.

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Outstanding credit card balances
Please include the total outstanding balance(s) on all credit and storecards that will not be paid off upon completion of the new mortgage. Do not include balances that are paid off in full each month. Joint balances are to be entered under the main applicant only.

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Monthly contractual commitments
Please include all your contractual obligations, as an examples these would include:

  • Electricity and gas
  • Telephone / broadband charges
  • Ground rent
  • School fees
  • Contractual Child Support Agency (CSA) payments
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Deposit
The amount of money you have to put towards the purchase of the property.

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Valuation
Please provide the lower of either the purchase price or valuation of the property. If you have not yet had a valuation, please input the price you plan to pay.

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Mortgage term required
This is dependent on the repayment method you choose.

  • Capital Repayment - minimum term 5 years, maximum term 30 years
  • Interest Only - minimum term 5 years, maximum term 25 years

For the purpose of this calculator, you may enter a term that ends before the age of 65. If you require a mortgage that extends beyond this age, please call us on 0800 169 6333* for more information.

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How old are you?

  • All applicants should be aged 18 or over.
  • Typically, our mortgages should be repaid by the time the applicants reach normal retirement age. If you require a mortgage that extends beyond normal retirement age, please just call us on 0800 169 6333* or visit your local branch.
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How much would you like to borrow?

  • The minimum amount we lend is £10,000
  • We do not have a maximum lending limit

The calculator provides illustrations up to a max of £1,000,000 for our 2 different repayment methods:

Capital Repayment - Maximum borrowing table

Total amount to be borrowed Max LTV
Up to £399k 90% 
£400k < £1m  80%
£1m < £1.5 75%
£1.5m < £2m 75%
£2m or more 65%

Interest Only - Maximum borrowing table

Total amount to be borrowed Max LTV
Up to £399k 75% 
£400k < £1m  75%
£1m < £1.5 65%
£1.5m < £2m 65%
£2m or more 50%

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Capital Repayment
Monthly repayments cover the interest and the loan and some of the capital borrowed. Provided you keep up with your monthly repayments, at the end of the term the mortgage will be fully repaid.

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Interest Only
Monthly repayments cover interest only so there is no reduction in the capital amount outstanding during the term of the loan. It is your responsibility to make separate arrangements to repay the capital at the end of the loan term. This could be through an endowment or pension policy or some other savings or investment plan.

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HSBC Premier
HSBC Premier offers a range of exclusive services including preferential mortgages terms. You qualify for Premier if you have: an individual income of at least £100,000 which is paid into your Premier Bank Account and have taken out one or more products through our Independent Financial Advisory Service*, or savings or investments of at least £50,000 with HSBC Bank.

* excluding mortgage related insurance products

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HSBC Advance
HSBC Advance offers great savings and deals on HSBC products for a monthly fee.
You qualify for HSBC Advance if you have:

  • salary/income paid directly into your bank account
  • subject to credit scoring
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Fixed
With our fixed rate mortgage, your rate is fixed until a specific date. So, whatever happens to interest rates during this period, your repayments will stay the same. At the end of the fixed rate period you move onto our competitive HSBC variable rate.

Early Repayment Charge:

  • You may make overpayments of up to 20% of your normal monthly repayment free of charge during the fixed rate period
  • If you repay more than 20% or the whole of your loan during the fixed rate period an Early Repayment Charge will be made. This charge will be 1% of the amount repaid for each remaining year of the fixed rate period reducing on a daily basis
  • There are no Early Repayment Charges once the fixed rate period has ended

Choose from either a 2, 3 or 5 year fixed rate and we'll show you your pricing options, with and without fees, in Your Quote Summary.

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Tracker
With our tracker rate mortgage the rate of interest you pay is a set percentage over the Bank of England base rate for the term of the loan. The percentage is agreed at the start and your repayments will go up or down in line with changes to the base rate.

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Fee Saver
Fee saver means no booking fee, no completion fee. We will cover the cost of one standard valuation fee.

  • Other fees and charges may apply including, but not limited to, legal fees, you may also be liable for any charges levied by your current lender
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Standard
Our standard option offers a competitive interest rate and fees.

  • Non-refundable booking fee from £999
  • Standard professional valuation fee payable
  • Completion fee payable of £30
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Personalised quote
A personalised quote is known as a Key Facts Illustration. It will provide you with details of the full cost of your mortgage. Ensure that you obtain other Key Facts Illustrations if you want to compare this mortgage with mortgages from other lenders.

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Agreement in Principle
An Agreement in Principle means that based on the information which you or you and your partner have provided to us, or which you have provided to us on behalf of yourself and your partner, we are happy to consider lending you the amount requested. An Agreement in Principle is subject to us carrying out certain checks e.g. with credit reference agencies and verifying certain information which you or your partner has given us e.g. your income and the value of the property for which you need a mortgage. We reserve the right to decline any application for credit.

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* Lines are open from 8am to 10pm every day (except for Christmas Day, Boxing Day and New Year's Day). To ensure that we carry out your instructions accurately, to help us continually improve our service and in the interests of security, we may monitor and/or record your telephone calls with us.