How To Apply For A Mortgage

HSBC UK
Mortgages
How to apply

Find out how to apply for a mortgage with HSBC

1. Prepare your details

You'll need details of your income, employment and outgoings.

2. Get a decision in principle

This will give you a good idea of the amount you may be able to borrow. It's quick and easy and it won't affect your credit score.

3. Apply for a mortgage

Once you’ve got your decision in principle, you can start your full mortgage application.

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

Ready to get a decision in principle?

Before you apply, you should make sure that:

You're a UK resident - if you're not a UK resident find out how to apply
You're aged 18 or over
You're not looking for a buy-to-let mortgage
Your income is only received in GBP
The mortgage is for your main residence and you're not looking to borrow more for your current property
You're not a member of the armed forces
Your mortgage term is not greater than 35 years
You're not purchasing through a government scheme, such as Help to Buy

We'll ask you a few questions about yourself and any other person you want to take out a mortgage with. It takes about 5 minutes, and won't affect your credit score.

Get a decision in principle This link will open in a new window

If you don't meet all of the criteria, get your decision in principle here.

For buy-to-let mortgage applications find out more.

Apply for a mortgage

Once you've got your decision in principle, you can continue to complete your mortgage application. We’ll let you know how much you could borrow (subject to a full assessment of your needs and circumstances and a formal credit check).

We're asking all applicants with any form of self employed income to apply by making an appointment over the phone, by Zoom or in a branch. This is to help us fully understand your income.

You can find out how much you may be able to borrow by completing a decision in principle online. Once you’re ready to complete your application, you’ll need to contact us to book an appointment.

We're asking all applicants with total borrowing exposure* over £2 million to make an appointment with our dedicated high net worth team. This is to help us understand your income and repayment plans.

You can find out how much you could potentially borrow by completing a decision in principle with the team. Once you’re ready to complete your application, they can book you in for an appointment.

*This considers whether your outstanding lending with HSBC UK and additional borrowing on a single property will be greater than £2 million when you apply. For example, your total borrowing exposure would be over £2 million if your current mortgage was £800,000 and your additional borrowing was £1,250,000.

If you turn 70 or reach your retirement age during the term of your mortgage (whichever is sooner), you'll need to call us on 0800 169 6333 to complete an application.

You can find out how much you may be able to borrow by completing a decision in principle online. Once you’re ready to complete your application, you’ll need to contact us to book an appointment.

Apply online

Before you apply online check that:

you're comfortable choosing the right mortgage without our advice
your total borrowing exposure with HSBC UK doesn’t go over £2 million on a single property - if it does visit our high-value mortgages page
you understand this means we won't assess the suitability of the mortgage you choose and you won't benefit from the protection provided by the Financial Conduct Authority rules offered through an advised level of service
you have your username and password you set up when getting your decision in principle

Start your mortgage application

Continue mortgage application

Apply with a mortgage adviser

You can also choose to apply with a mortgage adviser, by phone or in a branch. We can give advice on the most suitable residential mortgage for you, and guide you through the residential or buy-to-let mortgage process.

Give us a call to book your appointment

0800 169 6333

Our lines are open Monday to Friday 08:00 to 20:00, Saturday and Sunday 09:00 to 17:00. We may monitor and record calls. Opening hours within the mortgage departments may vary.

FAQs

We will consider lending on flats in England and Wales which have suitable remediations schemes, and those where leaseholders are protected under the Building Safety Act. In such cases an EWS1 report is not required.

How long your application will take depends on how you choose to apply and other factors. A more complex application, with more parties, may take longer.

At HSBC, decision in principle remains valid for as long as your circumstances and our lending criteria remain the same. Remember a decision in principle is only an indication of how much you can borrow. It's not an offer until you complete a full mortgage application.

A mortgage is a type of loan that's used to buy a property. The property acts as security for the loan, so it could be repossessed if you can't meet the repayments.

When you apply for a mortgage, you need to put down a deposit. This will be a percentage of the cost of the property value.

The rest of the money you’ll need to buy your new home is covered by a mortgage.

There are different types of mortgage rates, different types of repayment options and a choice of terms to repay the mortgage over. You might find it helpful to speak to an adviser or broker to help you decide what mortgage is best for you.

Find out how to apply for a mortgage with HSBC

1. Prepare your details

2. Get a decision in principle

3. Apply for a mortgage

Ready to get a decision in principle?

Apply for a mortgage

Mortgages for self-employed

Mortgages with total borrowing exposure over £2 million

Mortgages past retirement and age 70 (whichever is sooner)

Apply online

Apply with a mortgage adviser

FAQs

Will you lend on flats that have failed their external wall system fire review (EWS1) but have funding plans in place to fix this?

How long does a mortgage application take?

How long does a decision in principle last?

How do mortgages work?

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