HSBC – UK Mortgage Lender
The Hong Kong and Shanghai Banking Corporation (HSBC) was founded in 1865 by Scotsman, Thomas Sutherland. HSBC has continued to expand ever since, including the takeover of the Midland Bank in 1992. It is now the world’s second largest bank by market value and has offices in 80 countries. HSBC has just over 1600 branches in the UK.
Fixed Rate Mortgages: 2 year, 3 year, 5 year and 10 year fixed rate mortgages and remortgages.
Tracker Mortgages: lifetime base rate tracker mortgages and remortgages.
Discount Mortgages: 2 year discounted rate mortgages and remortgages.
Standard Variable Rate Mortgage: a variable rate mortgage where monthly repayments go up and down in line with the lender’s base rate; offset option available.
One of the big players in the banking field, HSBC is able to offer its customers the benefit of large scale discounts and ease of access through the high street, online or telephone. All banking services are offered by the bank including savings, investment, credit cards and loans, some of which can be taken out alongside the mortgage products.
Customers with premier current accounts are entitled to greater discounts on their mortgage applications. One of the options available to first time buyers is that of the Home Start mortgage where the individual can pay interest only for the first three years then changing the mortgage to capital and interest repayments. These are ideal for new buyers who require lower payments in the earlier years but also want to ensure that the capital is repaid at the end of the mortgage term.