What are the HSBC Mortgage Interest Rates Now?
The exact mortgage rates that HSBC will offer will directly depend on a few factors. These include, your overall loan-to-value (LTV) ratio, the type of mortgage you have, and your personal financial standing, i.e, income vs outgoings, credit score, and financial history.
For an up-to-date representation of the best available rates for you, it’s best to speak with one of our expert mortgage advisers. At Boon Brokers, we have a long experience of working with HSBC as well as other leading lenders, and can compare HSBC’s current mortgage interest rates across the board to ensure you get the best deal that matches your financial needs.
How Can I Calculate My HSBC Mortgage Borrowing Amount?
Before applying for a mortgage, it is always best to first calculate a rough estimation of how much a lender will be able to loan you. This amount will depend on several factors, but will usually come down to assessing your income, credit history, size of your initial deposit, and the property’s overall value. Generally speaking, HSBC can lend up to 4.5 times your income, but again this can vary depending on your affordability assessment.
To find the best mortgage lender for your needs, work with a trusted mortgage broker like Boon Brokers. With access to the whole-of-market and vast experience working with HSBC, our expert mortgage advisors can help assess the entire spectrum of mortgages that are available to you, and help calculate exactly what you would be able to borrow.
Do HSBC Offer Mortgage Agreement in Principle?
Simply – yes. HSBC may offer a Mortgage Agreement in Principle (AIP). The amount offered is an estimation predicated upon the financial documentation that you will need to provide. As such, the amount will be determined by your income, credit history, and financial standing.
An AIP is a great place to start when beginning your investigation into different types of property. At Boon Brokers, we can help you obtain an AIP from HSBC or any other lender with speed and efficiency, as well as comparing HSBC’s offers with other leading lenders to make sure you get the best deal for you.
How Will Boon Brokers Help Find the Perfect Mortgage?
In short – as a trusted and whole-of-market mortgage broker, we will provide you with the complete picture of the mortgage world, helping you navigate the complexities of paperwork and application processes. At Boon Brokers, we work with leading lenders like HSBC and compare the competitive mortgage products and rates that are on the market today, fee-free. As we are paid commission by the lenders, our aim is to make sure you are aware of all the available mortgage options, and to help you choose the mortgage that is tailored to you.
