Switch Mortgages | Mortgage Renewal

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 - and we've made switching easy.

Save money

Switching to another rate could help you save more for what you really love.
Agree your rate up to 12 weeks in advance

Relax, you can agree your mortgage rate up to 12 weeks before your current rate comes to an end.

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.

How to switch your HSBC mortgage rate

Online

You can switch your mortgage or Buy-to-Let mortgage online if:

all applicants on the mortgage are registered for online banking
you don't need advice from our mortgage team
your current Loan to Value (LTV) doesn't exceed 90% - your LTV is your mortgage balance as a proportion of the value of your home, as a percentage
you're up to date on your mortgage payments

Log on to find out which rates are available, and switch your rate. You can also view your monthly repayments in more detail.

Are you not yet registered for online banking? Register now.

Log on to switch rate This link will open in a new window

By phone or in branch

If you'd like support from our mortgage team, give us a call on 0800 169 6333 to book an appointment.

Lines open Monday to Saturday 08:00 – 20:00, Sunday 09:00 - 18:00. Calls may be monitored and recorded. Opening hours within the mortgage departments may vary.

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 payments will be variable and could go up or down, depending on any changes to the variable rate.

Discover more about the types of mortgages we offer.

Frequently Asked Questions

We use the House Price Index (HPI) to value your property, instead of valuing it manually. This allows us to use the movement of house prices in your region to estimate its current value.

If you’re coming to the end of your mortgage’s fixed-term rate and you've received a letter from us, the HPI valuation will be included in your letter.

In most cases, you won’t need to provide any documents to switch your rate.

If you'd like any advice before switching from our expert mortgage advisers, we may ask for extra documents to make sure we can give you appropriate advice. We’ll let you know if we need anything from you.

Yes, you can change your mind during the switching process up until you accept your mortgage offer.

After this time, you’ll be bound by the terms and conditions of your new mortgage, which may include early repayment charges if you decide to transfer to a different mortgage rate.

Your LTV is calculated by taking the total lending amount of all of your mortgage accounts against your property value as a percentage.

To switch the rate of a joint mortgage online, both applicants will need to be registered for online banking. If you're not yet registered, register now.

Switch your mortgage rate

Rate switching with HSBC

How to switch your HSBC mortgage rate

Online

By phone or in branch

What happens if you choose not to switch

Frequently Asked Questions

How is my property valued when I switch my mortgage rate?

Will I need to provide any documents to switch to a new rate?

Can I change my mind once I've chosen to switch rates?

How is my Loan to Value (LTV) calculated if I have more than one mortgage and rate?

If we have a joint mortgage can we still switch our rate online if only one person is registered for online banking?

Customer support