Does HSBC work with mortgage brokers?

Does HSBC work with mortgage brokers?

HSBC offers its mortgages through branches and its call centre. It does not deal through brokers. Unlike other big banks and brokers, HSBC’s mortgage advisors are ‘non-commissioned,’ says the bank. Customers submit mortgage documents to the bank online or by going to a branch.

Can an expat get a buy to let mortgage?

It can be difficult to get a buy to let mortgage as an expat, especially when compared to permanent UK residents. That being said, mortgage approval is possible. As there’s been an increase in property investment from overseas, some lenders now offer investment mortgages just for expats.

Can foreigners get a buy to let mortgage in UK?

Yes, it is possible to get a UK buy to let mortgage as an overseas resident. Regardless of whether you are living abroad on a temporary or permanent basis, if you’re looking to get a UK mortgage while you’re away from your home country, you will need to approach a specialist expat mortgage provider.

Do HSBC do overseas mortgages?

Does HSBC offer mortgages for overseas residents? Yes. Customers who are looking to finance a property overseas can apply for a mortgage in the following countries and regions: Australia, Canada, mainland China, France, Hong Kong SAR, India, Malaysia, New Zealand, Singapore, UAE, the UK and the US.

How long does it take HSBC to approve a mortgage?

As mentioned previously, a HSBC mortgage application can take about 3 weeks on average to process and be approved.

Why are HSBC rates so low?

Mortgage rates are currently low, after the Bank of Canada dropped its overnight rate amid the COVID-19 economic downturn. HSBC is also advertising a fixed five-year closed term rate of 1.39 per cent for high-ratio mortgages, subject to similar conditions.

What deposit do I need for a buy-to-let?

The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%). Most BTL mortgages are interest-only. This means you pay the interest each month, but not the capital amount. At the end of the mortgage term, you repay the original loan in full.

Can you rent out a non buy-to-let property?

It is legal to rent a property with no buy-to-let mortgage only if you own the property outright already or are a cash purchaser. However, if you do need a mortgage, then you have to be entirely honest with the lender as to what your intentions are for the property.

Can I get mortgage with pre-settled status?

From this year, if you’re an EEA, EU, or Swiss national applying for a mortgage in the UK, you’ll need to provide evidence of your “settled” or “pre-settled” status under the EU Settlement Scheme. Pre-settled status is normally granted if you have not lived in the UK for five years in a row.

Can I get a buy-to-let mortgage with HSBC Expat Premier?

If you’re an HSBC Expat Premier customer, who is looking to buy or refinance a buy-to-let property, our capital repayment or interest only mortgages could be the answer. Alternatively we can refer you to HSBC UK who also provide buy-to-let mortgages.

Do you offer mortgages through HSBC UK?

We offer mortgages through HSBC Expat and HSBC UK. Residential mortgages are provided by HSBC UK while buy-to-let mortgages are through either HSBC Expat or HSBC UK. Interest only or capital repayment Both our residential and buy-to-let mortgages are available on an interest only or capital repayment basis.

Can an expat get a mortgage in the UK?

At HSBC Expat, we provide lending services to expats for UK properties and may be able to offer you a mortgage in situations where other lenders may turn you down.

What is a buy-to-let mortgage and how does it work?

Buy-to-let mortgages allow you to invest in the property market by purchasing homes in the UK to rent to tenants. If you’re an HSBC Expat Premier customer, who is looking to buy or refinance a buy-to-let property, our capital repayment or interest only mortgages could be the answer.