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
Before you apply, you should make sure that:
- you're a UK resident
- 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
- you're not purchasing through a government scheme, such as Help to Buy
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
Find out more about a Decision in Principle and what it could mean for you.