HSBC accepting wide range of foreign currencies for mortgages and lending to UK and foreign nationals living overseas

Country/Jurisdiction 

Acceptance criteria guidance

Australia 

Residents of Australia can apply for a UK mortgage, but HSBC says customers must not be physically located in Australia brokers cannot proceed with a residential application. Borrowers can make a residential application if they are in the UK. Documents cannot be sent to or signed in, an HSBC branch in Australia. The bank accepts income paid in the Australian Dollar, and a 10% income reduction will apply to cover currency fluctuations. 

France 

Residents of France can apply for a UK mortgage provided the customer is present in the UK at the time of application. HSBC accepts income paid in Euros but uses at 10% income reduction to cover currency fluctuations. 

Malaysia 

Residents of Malaysia can apply for a UK mortgage, but the bank says you cannot proceed with a residential application while they are in Malaysia. HSBC will accept the Malaysian Ringgit but applies a 10% reduction to income to cover currency fluctuations.  

Oman 

Residents of Oman can apply for a UK mortgage. The borrower is an existing Group HSBC customer, not physically located in Oman when making an application. Residents of Oman must have a correspondence address outside of Oman, in an approved country any mortgage documentation should be sent to. A 10% reduction will be applied to the Rial Omani's income to cover currency fluctuations. 

Qatar 

The customer must be an existing Group HSBC customer. A 10% currency reduction will be applied to income earned in the Qatari Rial. 

Saudi Arabia 

Residents of Saudi Arabia can apply for a UK mortgage provided the following guidance is adhered to: 

Customers must not be physically located in Saudi Arabia if providing information, advice or making an application. Advice and applications can only be processed in the UK. 

Residents of Saudi Arabia must have a correspondence address outside of Saudi Arabia, in an approved country, where any mortgage documentation should be sent to. 

A 10% income reduction will be applied to cover currency fluctuations. 

UAE 

Residents of the UAE without UAE nationality can apply for a UK HSBC mortgage provided they have an annual income must be at least one million AED or the equivalent in an approved currency. 

Their net equity or assets must be valued at a minimum of five million AED (or equivalent in an approved currency). 

They must also understand how the UK property market works and how HSBC UK's mortgages work. 

This includes Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain.

A 10% income reduction will be applied to cover currency fluctuations.