HSBC Financial Services

HSBC is one of the largest banking and financial services groups in the world and has positioned itself as the “World’s local bank” to drive home its advantage, its vast global network. HSBC’s international network spanning across 83 countries and 6 continents number over 10,000 while its shareholder base of over 200,000 is spread across 100 countries.

HSBC was founded in 1865 to provide much needed financial services and support to the growing trade between Asia and Europe during that time. One of the most influential founding members of HSBC was Thomas Sutherland, a Scotsman who used to work for the Peninsular and Oriental Steam Navigation Company.

Products and Services

As one of the leading banking and financial services company of the world the HSBC Group provides a wide range of mortgage related services to customers all over the world including the UK which is the company’s home turf:

Fixed Rate

• HSBC provides 2, 3, 5 and 10 year standard fixed rates which are fee free including a 2 Year Fixed Rate Mortgage Special.
• The monthly repayment remains unaltered during the fixed rate period, irrespective of changes to the base rate.
• Fixed monthly payments allow budgeting for the duration of the fixed rate period.
• The interest is charged on a daily basis which has been found to be the fairest method.
• The customer will automatically transfer to the HSBC variable rate at the end of the fixed rate period. They also have the option to choose another fixed, discount or tracker rate.
• During the fixed rate period the borrower can increase their standard monthly payment by up to 20% without incurring an early repayment charge.

Discount Rate

• HSBC provides 2 year discount Mortgage Special Rate
• HSBC provides discount on its variable rate which will be applicable for a specific period at the start of the mortgage
• During the term of the discount rate the monthly payments would be lower
• The interest is charged on a daily basis which has been found to be the fairest method
• The customer will automatically transfer to the HSBC variable rate at the end of the discount rate period. They also have the option to choose another fixed, discount or tracker rate

Fee Free Mortgages

At present all of HSBC’s fixed and tracker rate mortgages are currently fee free which means the borrowers will not have to pay:

• Booking Fee
• Standard Valuation Fee
• Completion Fee
• Exit Fee

It must also be noted that while most of the other lenders in the UK mortgage market have raised their Exit Fees HSBC still does not charge its customer any Exit fee.

HSBC’s customer services allow customers to locate the office nearest to them or even call up and talk to a customer service executive. Additionally the HSBC website has a dictionary to explain many mortgage related jargons and terms.

• HSBC Locations
• Home Buying Seminars
• Open House Days
• Glossary
• Home Buyer's Guide
• Refinancing
• Home Comparison Checklist
• The Co-Op Guide 

For more information on HSBC’s mortgage related services please call:

08456 040 626
+44 1226 261 010
(Textphone 18001 08457 125 563)

Global Headquarters

HSBC Holdings plc
8 Canada Square
London E14 5HQ
Tel: +44 (0)20 7991 8888