When you take out an HSBC mortgage you'll benefit from our continuous efforts to keep our fees as low as possible. Read on to see what fees are charged and when.
Standard versus fee saver mortgages
We offer two fee options on our residential mortgages – the standard mortgage range, or you can choose from the fee saver range. Fee saver means:
- No booking fee
- No completion fee.
We'll cover the cost of one Standard Valuation report where this is required by HSBC as part of your mortgage application.
Other fees and charges may be payable to other parties including, but not limited to legal fees and charges applied by your existing lender.
Our mortgage fees
Fee Payable |
Standard |
Fee Saver |
|---|---|---|
Is there a Booking fee?
|
Yes |
No |
Is there a Completion fee?
|
£30 |
No |
Is there a Standard Valuation Report fee?
|
No |
No |
| Do early repayment charges apply? |
Yes | Yes |
Fee Payable |
Is there a Booking fee?
|
|---|---|
Standard |
Yes |
Fee Saver |
No |
Fee Payable |
Is there a Completion fee?
|
Standard |
£30 |
Fee Saver |
No |
Fee Payable |
Is there a Standard Valuation Report fee?
|
Standard |
No |
Fee Saver |
No |
Fee Payable |
Do early repayment charges apply? |
Standard |
Yes |
Fee Saver |
Yes |
Fee Payable |
Standard |
Fee Saver |
|---|---|---|
Is there a Booking fee? |
Yes |
No |
Is there a Completion fee? |
£30 |
No |
Is there a Standard Valuation Report fee? |
No |
No |
| Do early repayment charges apply? |
No |
No |
Fee Payable |
Is there a Booking fee? |
|---|---|
Standard |
Yes |
Fee Saver |
No |
Fee Payable |
Is there a Completion fee? |
Standard |
£30 |
Fee Saver |
No |
Fee Payable |
Is there a Standard Valuation Report fee? |
Standard |
No |
Fee Saver |
No |
Fee Payable |
Do early repayment charges apply? |
Standard |
No |
Fee Saver |
No |
Fee Payable |
Tracker |
Fixed |
|---|---|---|
Is there a Booking fee? |
Yes |
Yes |
Arrangement fee
|
N/A |
N/A |
Is there a Completion fee? |
£30 |
£30 |
Is there a Standard Valuation Report fee? |
No |
No |
| Do early repayment charges apply? |
No |
Yes |
Fee Payable |
Is there a Booking fee? |
|---|---|
Tracker |
Yes |
Fixed |
Yes |
Fee Payable |
Arrangement fee
|
Tracker |
N/A |
Fixed |
N/A |
Fee Payable |
Is there a Completion fee? |
Tracker |
£30 |
Fixed |
£30 |
Fee Payable |
Is there a Standard Valuation Report fee? |
Tracker |
No |
Fixed |
No |
Fee Payable |
Do early repayment charges apply? |
Tracker |
No |
Fixed |
Yes |
Understanding our fees
A range of fees may apply when taking out an HSBC mortgage. Our tariff of charges makes our fees and charges easy for you to understand. We have also summarised these fees below to make it clear what's what.
Booking fee
A fee charged on some mortgages to secure a particular mortgage deal.
You may be able to add some or all of the booking fee to your mortgage. Adding fees to your mortgage means you'll pay more interest over the term of the loan, than if you'd chosen to pay at the start. If you'd like to consider adding the booking fee to your mortgage, please call us or visit your local HSBC branch where we will be happy to discuss your requirements.
Building survey and valuation report
You may want to commission a building survey to get a fuller picture of the property's construction and condition. This includes subsidence, foundations, external walls, the history of the property and likely future maintenance needs.
Completion fee
The lender charges this fee to cover the cost of electronically transferring the mortgage funds to the borrower.
Early Repayment Charge
An Early Repayment Charge (ERC) is a charge you may have to pay if you repay the whole or part of your mortgage early (which includes when you move to a different HSBC mortgage product or move to a different lender) during a certain period.
Mortgages that have an ERC also have an annual overpayment allowance. This allowance, which is available in the years when an ERC applies, gives you the flexibility of making some overpayments, if you wish, up to the amount of the allowance without incurring an ERC. As long as you do not exceed your annual overpayment allowance, you can make as many overpayments as you like within that year either by way of increasing your monthly mortgage payments or making additional payments.
If you exceed your annual overpayment allowance for a year, an ERC will be charged on the amount you have repaid over the allowance.
ERCs do not apply to all of our mortgages. Please refer to your Mortgage Illustration for details of any applicable ERC.
Fee Saver
Fee Saver means no booking fee and no completion fee. We'll cover the cost of one Standard Valuation where this is required by HSBC as part of your mortgage application.
Other fees and charges may be payable to other parties including, but not limited to legal fees and charges applied by your existing lender.
Homebuyers report and valuation report
You may want to commission a homebuyers report which is designed to be as cost-effective as possible and so concentrates on defects and problems that are urgent or significant. It doesn't explore structural aspects or detail remedial works.
Legal fees
These are the fees payable to your solicitor or licensed conveyancer.
Standard Valuation report
This report is solely for the purpose of arriving at a current market value to enable the lender to determine the amount of the advance. It should not be relied on to access the suitability or saleability of the property.
We'll cover the cost of one Standard Valuation report where this is required by HSBC as part of your mortgage application.
Contact us
How to apply
New Application
Applying for a mortgage involves two stages, firstly getting a Decision in Principle; secondly making a mortgage application.
Already started an application?
If you started a mortgage application over the phone or online, you can login to complete it or track its progress.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.