Last updated on December 17th, 2021 at 10:09 am
Example of an HSBC Interest Only Lifetime Mortgage for a UK property owner
Property Valuation: £204,000
Release Amount: £122,400
Loan To Value: 65%
Rate: 2.57% MER
Monthly Payment: £264.18
Valuation Fee: Free
Lender Fees: None
Advisor Fees: None
Redemption Penalties: None
Portability: Yes – you can move house subject to the new valuation
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Does HSBC do Equity Release?
Yes, HSBC does equity release at 1.88% APR. HSBC Equity Release has a loan to value of 70%.
Does HSBC offer Equity Release Under 55?
Yes, HSBC Equity Release Under 55 is 2.12% MER.
Do HSBC offer Retirement Mortgages?
Yes, HSBC Retirement Mortgages are 2.23% MER.
Does HSBC do Pensioner Mortgages?
Yes, HSBC Pensioner Mortgages are 2.02% APR.
Does HSBC do Equity Release?
Yes, HSBC Equity Release is 1.98% APRC.
What are HSBC interest rates for equity release?
HSBC interest rates for equity release are 2.09% APR.
Does HSBC have good reviews for equity release?
Yes, HSBC reviews are tiptop for equity release.
Does the HSBC equity release calculator show the loan to value (ltv)?
Yes, the HSBC equity release calculator shows a good loan to value (ltv) of 70%.
Does an HSBC equity release advisor charge a big fee?
No, HSBC equity release advisors are free.
Do HSBC offer home equity loans?
Yes, HSBC home equity loans are 2.22% MER.
Do HSBC offer home equity lines of credit?
Yes, HSBC home equity lines of credit are 2.19% MER.
How much can I borrow with an HSBC Interest Only Lifetime Mortgage?
You can borrow 60% of your property’s value. For example, if your house is valued at £180000 you can get £108000 with HSBC interest only lifetime mortgages.
Appealing retirement mortgage products include Lloyds later life interest-only mortgages over 70, Barclays help to buy for over 60s, Natwest interest-only mortgages for over 70s, Legal & General mortgages for over 60s and Nationwide Building Society lifetime mortgages.
Some of the most common LTV ratios of TSB retirement interest-only mortgages over 75, Barclays Bank mortgages for people 60 plus, Halifax interest-only mortgages for over 60s, Legal & General interest-only mortgages for over 60s, Bank of Scotland interest only retirement mortgages for over 70s and Nationwide lifetime mortgages for over 60s are 40%, 55% and 65%.
Popular LTV percentages of LVE lifetime mortgages for over 60s, More2Life mortgages for over 50-year-olds, One Family interest-only mortgages for over 60s near London, YBS pensioner mortgages over 70s, Royal London mortgages for pensioners over 60 and Sun Life pensioner mortgages over 55 are 50%, 55% and 65%.
Popular loan to values of Virgin Money later life interest-only mortgages over 60, Direct Line equity release schemes for people over 70, Leeds Building Society interest only lifetime mortgages for over 70s, Skipton Building Society mortgages for pensioners over 60, Nottingham Building Society retirement mortgages over 60 and National Counties Building Society lifetime mortgages for over 60s are 50%, 60% and 65%.
Hard to finance home variants can include properties currently undergoing substantial alterations, extensions or repairs, entirely tenanted properties, right to buy – properties in Scotland, properties where the customer is offering only part of the title as security for the loan and freehold flats (England, Wales, Northern Ireland).
Difficult to finance home types can include Timber-framed properties constructed post-1965, timber-framed properties built between 1920 and 1965, properties constructed or converted within the past 10 years, former local authority flats and basement or lower ground floor flats without level access to private or communal garden space.
Challenging to finance property variants include properties with outbuildings used for normal domestic purposes (garage, workshop, stables, barn etc), properties with grounds in excess of five acres, use of the land and any outbuildings for a small amount of personal commercial use., properties that have solar farms or a large number of wind turbines on the land and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.
Challenging to finance property variants include properties built on contaminated land, properties without a kitchen or bathroom, properties where there are boundary disputes or where planning applications have not been applied for correctly, cob property and concrete panel houses.