Rate switching with HSBC
If you've got an HSBC mortgage or a Buy-to-Let mortgage and you're interested in switching, we've got a range of rates to choose from.
Save money
Switching to a lower rate could help you save more for what you really love.
Choose your rate 90 days in advance
You can choose your mortgage rate up to 90 days before your current rate comes to an end, without paying an early repayment charge.
No need for a credit check
As you already have a mortgage with us, we don't need to check your credit rating.
Automatic valuation
We carry out an automatic valuation for your property so you'll have one less thing to think about.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Step 1: Choose a rate to switch to
Take a look at our latest rates for existing customers and choose a rate to switch to.
Step 2: Switch online
Once you've chosen a new mortgage rate, you can switch online if:
- you don't need advice from our mortgage team
- your current loan-to-value (LTV) isn't higher than 90% for a residential mortgage, or 75% for a buy-to-let mortgage
- you're up-to-date with your mortgage payments
- you're only changing the rate and not making any other changes to your mortgage
All you'll need is:
your mortgage account number
your full name
date of birth
a UK mobile number
Already registered for online banking? Log on to switch your rate.
Get help switching your rate
If you'd like some advice or help switching your mortgage rate, just leave your details to speak with a Mortgage Advisor.
Once you've submitted your details, we'll get in touch with you as soon as possible, so there's no need to contact us.
If you have a joint mortgage, only one person needs to leave their details.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Videos to help you switch
We’ve recently made it easier to switch your mortgage rate online, so you don’t need to log on to your online banking.
Watch our useful videos to find out what to do once you've started your rate switch. If you're applying for your own mortgage watch our 'Mortgage rate switch' video. Or, if you have a joint mortgage or you're continuing an application watch the second video 'Joint party application'.
What happens if you choose not to switch
If you don't switch rates when your current HSBC fixed-rate or 2-year term tracker mortgage comes to an end, you'll be automatically moved onto the HSBC variable rate, or the HSBC Buy-to-Let variable rate if you have a Buy-to-Let mortgage.
This means that if you don’t switch, you may pay more for your mortgage. This is because your rate will be variable and your monthly repayments could go up or down, depending on any changes to the variable rate.
Discover more about the types of mortgages we offer.