If your current fixed rate mortgage is coming to an end, or you're on the HSBC standard variable rate or HSBC Buy to Let standard variable rate, we can help you switch to a new HSBC mortgage rate.

In 2019, HSBC won the Moneywise mortgage award for Best Lender for Fixed rate mortgages for the third time, Moneyfacts award for Best Bank Mortgage provider for the second time, Moneyfacts award for best Fixed Rate Mortgage provider and the YourMoney.com Award for Best Online Mortgage Provider

Why should you consider switching your rate?

  • You could save money by switching to another rate rather than our standard variable rate
  • You can agree your mortgage rate up to 12 weeks before your current rate ends
  • We won't need to check your credit rating as you're an existing mortgage customer
  • No valuations are required
  • No legal work is required

What happens if I don't switch my mortgage rate?

If you're on an HSBC fixed rate which is ending soon, you'll be moved onto the HSBC standard variable rate for residential mortgages or HSBC Buy to Let standard variable rate for Buy to Let mortgages. Details of this can be found on your Mortgage offer document.

Please note:

• your mortgage payments will be variable so these could go up or down

• you'll be able to make unlimited overpayments

• you could pay off your mortgage early without any early repayment charges

Switching to a new HSBC mortgage rate is easy

Once you've decided you want to switch, it's easy to find a new rate.

Step 1 - Find and compare our current mortgage rates or view all our mortgage rates.
Step 2 - When you're ready, apply to switch to a new rate.  

Contact us

How to apply for a rate switch

Online

Consider this option if:

  • you don’t need advice in relation to the mortgage rate you wish to apply for and are comfortable choosing a new mortgage deal
  • you would like to switch your rate and not make any other changes
  • you would like to switch your rate and make other changes at the same time (e.g. changing your term, requesting additional borrowing, changing your repayment type)
  • you have more than one applicant on your mortgage, both applicants will need to be registered for online banking

This option is not suitable if:

  • your current Loan to Value (LTV) exceeds 90% - the LTV is your mortgage balance as a proportion of the value of your home
  • your mortgage is made up of more than one loan, and, you are looking to rate switch to the same new rate on more than one of your loans and, the new rate has a booking fee
  • you are looking to rate switch on an existing Buy to Let mortgage
  • you have more than one applicant on your mortgage and the other applicant is not registered for online banking

To switch your rate online, you need to be registered for online banking. If you are not registered for online banking, you can register now.

If you’re switching a rate and making no other changes, follow these steps:

• log on to online banking

• go to your mortgage account

• select 'Manage'

• choose 'Change my rate only’

 

You might like to make other changes at the same time as switching a rate. For example, this could be changing your term, asking for further borrowing or changing your repayment type. If so, follow these steps:

  • log on online banking
  • go to your mortgage account
  • select 'Manage'
  • choose 'Make other changes'

Speak to us

Consider this option if:

  • you need advice from one of our mortgage advisors in relation to the mortgage you wish to apply for
  • you don't need advice but would like us to complete your application for you
  • your current Loan to Value (LTV) exceeds 90% - the LTV is your mortgage balance as a proportion of the value of your home
  • your mortgage is made up of more than one loan, and, you are looking to rate switch to the same new rate on more than one of your loans and, the new rate has a booking fee
  • you have a Buy to Let mortgage
  • you would like to switch your rate and not make any other changes
  • you would like to switch your rate and make other changes at the same time (e.g. changing your term, requesting additional borrowing, changing your repayment type)
  • you have more than one applicant on your mortgage and both of you are not registered for online banking

Arrange an appointment with a mortgage advisor over the phone or in branch

Speak to us on 0800 1696333
Textphone 1800 10800 028 1236

Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.

Lines open Monday to Friday 8am - 9pm, Saturday 8am - 8pm, Sunday 9am - 6pm. Calls may be monitored and recorded. Opening hours within the mortgage departments may vary.