a student let, All Buy to Let mortgages are subject to underwriting and lending criteria that may be varied from time to time, Additional borrowing is available to existing HSBC Buy to Let mortgage holders looking to borrow more on their existing rental property, however total lending must not exceed 75% loan to value (except for additional borrowing taken for debt consolidation purposes. This website is provided by HSBC Bank plc, Jersey branch. For more information we have pulled together a buy-to-let guide. Compare HSBC mortgages. Our contact centres are extremely busy at the moment. 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. Get rate quote. After you choose a HSBC mortgage deal, one of our expert mortgage brokers can check whether you're eligible and help arrange the mortgage for you. When compared to a typical Standard Variable Rate of 3.54% and monthly payments of £1,777.13, you could save up to £408 per month. Buy-to-let mortgages require a larger deposit to provide confidence to the lender. View mortgage rates and options built for you . However, the amount of interest you pay can be reduced by offsetting your savings with us. You should always think carefully before purchasing a buy-to-let property. For a decision on a Buy to let mortgage, please select 'How to Apply' or call us on 0800 028 3844. You will be responsible for your costs even if you do not have a tenant. The maximum borrowing amount for this is £50,000 with a maximum 60% loan to value). of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC … We're not able to provide a Buy to Let mortgage if you're classed as either a Professional Landlord or a Portfolio Landlord: A Professional Landlord is a person (or persons in the case of the joint mortgage) with more than £2,000,000 in buy to let borrowing across all lenders or where more than 50 per cent of their total gross annual income (joint income) is from rental income. From fist-time buyers to buy to let investors to established businesses with huge property portfolios, HSBC offers competitive deals for almost all purposes. HSBC Expat Buy-to-Let Rates and Fees (PDF, 425KB), HSBC Expat Buy-to-Let Rates and Fees (PDF, 425KB) Download. A Portfolio Landlord is a person (or persons in the case of a joint mortgage) with four or more buy to let mortgaged properties in total at the end of the application. Here are things to consider with a buy to let mortgage: The loan-to-value (LTV) generally needs to be lower than 85% Ideal for first-time and existing buy to let landlords, our buy to let calculator is designed to calculate expected rental yield. Check eligibility and request a call back. A mortgage calculator is fast, easy to use, and can work out hypothetical scenarios on how much a mortgage would cost each month or use an affordability calculator to first work out where you are most comfortable financially each month for a mortgage loan. For example, if the monthly payment is £100 (100%), the monthly rental income must be at least £145 (145%). Lines are open 8am-10pm every day. Buy-to-let mortgages allow you to invest in the property market by purchasing homes in the UK to rent to tenants. ** Visit our Help page to find out how. We'll aim to call you on your preferred date and time. Contact us 0800 169 6333 † HSBC Group | © HSBC Bank plc 2017-2021. Difference between 15 or 30 year term . The value of a property is a matter of opinion and not a matter of fact, not all properties will grow in value or provide sufficient income to cover all your associated costs. Please be aware that Commercial Mortgages, Overseas Mortgages and some Buy To Let Mortgages are not regulated by the Financial Conduct Authority. 04886692. Unfortunately the lender has little understanding of how contractors are paid and this can lead to them being penalised. Applications are subject to confirmation that you meet borrower eligibility criteria and depending upon your country of residence, individual circumstances and your requirements. This means that your monthly payments will only cover the interest on your mortgage. When you apply, you must show you have a means to pay back the loan at the end of the term. Whether you're a first time buyer, an existing homeowner looking for a better mortgage deal or are investing in a buy to let, we're here to help. The affordability of a Buy to Let mortgage will be assessed from the property's rental income. Mortgage Calculators You can use our calculators to calculate how much you can afford for a mortgage loan based on your current income, work out what your monthly repayment amounts will be and find out how much interest expense you can save with a Deposit-linked Mortgage. For a firmer idea it's best to speak to an adviser who can run through your circumstances and help give you a more … Compare HSBC mortgages and see how your monthly payments would change depending on the initial period, total mortgage length, your deposit and how much you want to borrow. HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). A buy-to-let mortgage is a mortgage for people who want to buy a property, whether a house or a flat, then rent the property out to tenants. Opening hours within the mortgage departments may vary. 4Rate as of 19/03/20. 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. Mortgage financing request. With rental property in high demand in many parts of the UK, the buy to let market has been growing significantly in recent years. HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). Where this is a Buy-to-Let fixed rate, this will move to the HSBC Buy-to-Let Standard Variable Rate. Let our mortgage calculators help you take the next step. 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