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HSBC Buy To Let Mortgage Team - Call FREE 0808 271 8482

HSBC Buy To Let Mortgages

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Call FREE 0808 271 8482

Top rates for those looking to get a better deal or borrow more. Compare other leading buy to let deals below:

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.88%
Rate type: Tracker Feb-2020
Monthly cost: £426.38 per month
Max LTV: 60%
Product fee: £2273.00
Overall cost for comparison: 4.4% APRC
NatWest logo 1.88% Tracker Feb-2020 4.4% APRC 60% £2273.00 £426.38 per month get quotes Call direct0800 056 8572
Initial rate: 1.88%
Rate type: Tracker Feb-2020
Monthly cost: £426.50 per month
Max LTV: 60%
Product fee: £2273.00
Overall cost for comparison: 3.8% APRC
Royal Bank Of Scotland logo 1.88% Tracker Feb-2020 3.8% APRC 60% £2273.00 £426.50 per month get quotes Call direct0800 096 7962
Initial rate: 1.88%
Rate type: Tracker Feb-2020
Monthly cost: £426.50 per month
Max LTV: 60%
Product fee: £2273.00
Overall cost for comparison: 4% APRC
Royal Bank Of Scotland logo 1.88% Tracker Feb-2020 4% APRC 60% £2273.00 £426.50 per month get quotes Call direct0800 096 7962
Initial rate: 1.88%
Rate type: Tracker Feb-2020
Monthly cost: £426.38 per month
Max LTV: 60%
Product fee: £2273.00
Overall cost for comparison: 4.2% APRC
NatWest logo 1.88% Tracker Feb-2020 4.2% APRC 60% £2273.00 £426.38 per month get quotes Call direct0800 056 8572
Initial rate: 1.89%
Rate type: Fixed Feb-2020
Monthly cost: £422.81 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 3.6% APRC
Royal Bank Of Scotland logo 1.89% Fixed Feb-2020 3.6% APRC 60% £1273.00 £422.81 per month get quotes Call direct0800 096 7962
Initial rate: 1.89%
Rate type: Fixed Feb-2020
Monthly cost: £422.68 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 4% APRC
NatWest logo 1.89% Fixed Feb-2020 4% APRC 60% £1273.00 £422.68 per month get quotes Call direct0800 056 8572
Initial rate: 1.89%
Rate type: Fixed Feb-2020
Monthly cost: £422.81 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 3.6% APRC
Royal Bank Of Scotland logo 1.89% Fixed Feb-2020 3.6% APRC 60% £1273.00 £422.81 per month get quotes Call direct0800 096 7962
Initial rate: 1.89%
Rate type: Fixed Feb-2020
Monthly cost: £422.68 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 4.1% APRC
NatWest logo 1.89% Fixed Feb-2020 4.1% APRC 60% £1273.00 £422.68 per month get quotes Call direct0800 056 8572
Initial rate: 1.98%
Rate type: Fixed Feb-2020
Monthly cost: £427.09 per month
Max LTV: 70%
Product fee: £1273.00
Overall cost for comparison: 4.1% APRC
NatWest logo 1.98% Fixed Feb-2020 4.1% APRC 70% £1273.00 £427.09 per month get quotes Call direct0800 056 8572
Initial rate: 1.99%
Rate type: Tracker Feb-2020
Monthly cost: £427.58 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 4.1% APRC
NatWest logo 1.99% Tracker Feb-2020 4.1% APRC 60% £1273.00 £427.58 per month get quotes Call direct0800 056 8572
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

HSBC Buy To Let Mortgages

Call HSBC Buy To Let team FREE on 0808 271 8482 to find out how much you could borrow

Special features of what we offer include:

  • Whole of market service - we can compare HSBC with other buy to let deals from most UK lenders
  • Latest deals - Access to leading buy to let market mortgage rates
  • Exclusive rates - Access to exclusive buy to let loan deals not available on the high street
  • Fast turnaround - Speak to us today if you need to move quickly
  • Specialist lenders - We have lenders who will consider adverse credit, complex income, unusual properties, lending in retirement, short term finance.

As your mortgage is such an important transaction, good advice is imperative.

hsbc buy to let mortgages

HSBC buy to let mortgages

Whether you already have an existing portfolio of multiple rental properties or you are looking to get a buy to let mortgage for the first time you may be wondering if HSBC has the right plan for you.

To be able to borrow on a buy to let mortgage basis from HSBC, you must meet certain eligibility criteria:

  • HSBC buy to let mortgages are only available to individuals who are already HSBC Premier customers
  • The property has to be situated in the UK
  • £25,000 is the minimum loan amount
  • £500,000 is the maximum loan amount
  • 75% is the maximum loan to value ratio available
  • A professional valuation is required prior to agreeing to a buy to let mortgage
  • All properties with HSBC mortgages must be under the Assured Short hold Tenancies (ASTs) or Company Lets
  • The maximum mortgage plan is 15 years for plans of interest only and for capital investment the maximum is 25 years
  • You must have owned and lived in your existing property for at least 6 months

Changes to buy to let mortgage market

The way lenders consider buy to let mortgage applications has changed since the Bank of England’s Prudential Regulation Authority enforced certain amendments to the buy to let mortgage regulations.

As a result of the changes, Lenders now apply a stricter income stress test than before. The majority of lenders, including HSBC, will review landlords’ income to ensure that they can afford mortgage payments. To satisfy the income stress test, landlords have to demonstrate that they can afford mortgage payments in the event that the interest rate increases to 5.5%.

In addition, the regulations have forced the majority of lenders to increase their rental coverage ratio criteria. Most lenders request that landlords have a rental coverage ratio of at least 145% for standard buy to lets and up to 170% for houses in multiple occupation. The extra rental coverage percentage is to ensure the landlord can afford mortgage repayments if, for any period of time, their property is without tenants.

Finally, landlords cannot spread equity across their property portfolio. This may be an issue for some landlords, as lenders will no longer provide buy to let mortgages to landlords with one or more properties that are not profitable. Upon application, lenders will review the landlord’s entire property portfolio to make sure every property is profitable.

Before you take out a buy to let mortgage

Buy to let mortgages like most financial products, such as credit cards or current accounts, can vary greatly between lenders and plans. For this reason it is wise to research all of the different options before you lock yourself into a plan. After all, once you do commit to one you are most likely going to need to make repayments for a number of years. You can use the tables above to see some of the latest deals from various different providers.

When comparing different mortgages remember to factor in any arrangement fees and other costs, if the mortgage with the lowest APR has high set up fees it could actually cost you more than some other plans available.  

Consider what sort of repayments you would like to make on your buy to let mortgage.

 Different types of mortgage payments

  • Fixed Rate – With a Fixed Rate mortgage your interest payments are the same throughout the course of the deal, so you know how much you will be paying for the whole introductory period. After this you will usually be put onto the lenders Standard Variable Rate (SVR)  
  • Tracker – Tracker mortgages are linked to the Bank of England’s base interest rate.  This means that if the Bank of England either raises or lowers its base rate the interest you pay on your mortgage will also change to reflect this.

 Mortgage Intermediary

There are a wide range of mortgages available for buy to let investments. You may therefore benefit from seeking the assistance of an independent adviser, who can use their expertise to find the best deals for your circumstance. To see if we can help you, fill in our online contact form to request a call back for a free initials consultation or you can call us on 0117 313 7780.

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