HSBC increases maximum loan size on its 15% deposit mortgages by £250,000
HSBC providing more generous 10% and 15% deposit mortgages
HSBC for Intermediaries has increased the maximum loan size on its 15% deposit mortgages from £500,000 to £750,000 as its lending criteria continues to return to normal.
The lenders cheapest rate for borrowers with a 15% deposit has recently been lowered to 2.49% fixed until 31 May 2023, and it has a £999 arrangement fee. The overall cost for comparison is 3.5% APRC.
The bank has also increased the maximum loan from £400,000 to £550,000 on its 10% deposit rates. The rate is more expensive at 3.09% for those borrowers with a smaller deposit but still reasonably priced. The overall cost for comparison is 3.60% APRC and the product end date is also 31 May 2023.
Aaron Strutt, product director at Trinity Financial, says: “Our brokers have access to HSBC’s systems and we can get applications approved and offered quickly through its online platform.
“If you are looking for a larger mortgage loan with a 10% or 15% deposit, we can arrange more generous deals through lenders like Bank of Ireland Bespoke and some of the private banks.”
After the 2.49% and 3.09% fixed rates expire, they both revert to HSBC's 3.54% standard variable rate.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation
Source: HSBC for Intermediaries website
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
