Things you need to know when applying for a mortgage during the coronavirus outbreak
If your income has been affected by COVID-19, we've made some temporary changes to how we'll assess it.
I'm employed and my latest payslip includes Government income support
Find out how to apply with HSBC
Applying for a mortgage or remortgaging with us is simple. First, you'll need a Decision in Principle (sometimes called an Agreement in Principle), and then you can apply for your mortgage.
Why get a Decision in Principle?
It'll give you a good idea of the amount you may be able to borrow
It's quick and easy
It won't impact your credit score
Step 1: Prepare your details
Here's an idea of what you'll need to get ready:
- employment details
- outgoings – you won't need to include expenses towards food, clothing or utility bills
We'll let you know exactly what you'll need during the mortgage application process.
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 2: Get a Decision in Principle
Already an HSBC mortgage customer?
If you're registered for online banking, you can start your decision in principle right away.
Are you not yet registered for online banking? Register now.
Not an HSBC mortgage customer?
Before you apply, you should make sure that:
- you're a UK resident
- you're aged 18 or over
- 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
- you're not purchasing through a government scheme, such as Help to Buy
There's currently a temporary Stamp Duty holiday for homebuyers in England and Northern Ireland. Learn more about Stamp Duty.
This Stamp Duty holiday is due to end on 30 September 2021.
It’s important that you’re aware of the following information:
- we can’t guarantee your purchase will complete by 30 September 2021
- if you choose to use a non-HSBC panel conveyancer, this may result in a longer transaction length when compared with using a HSBC panel conveyancer
- if your purchase does not complete before the end of the Stamp Duty holiday, you may need to pay Stamp Duty
- your chosen conveyancer will be able to advise you of any impact the end of the Stamp Duty holiday may have on your purchase
Step 3: Apply for a mortgage
Apply with a mortgage adviser
You can also choose to apply with a mortgage adviser, by phone or in a branch. You'll receive advice on the most suitable mortgage for you, and you'll be guided through the mortgage process.
Give us a call to book your appointment on:
Lines open Monday to Saturday 8am - 8pm and Sunday 9am - 6pm. Opening hours within the mortgage departments may vary.
Already started your mortgage application?
Easily track its progress, or update it online at any time.
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What is a Decision in Principle
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