HSBC UK Offers Mortgage Lending at up to 6.5 Times Incomes for Premier Customers

HSBC offers mortgage at 6.5 times your salary - but who should get it?

HSBC will lend homebuyers up to 6.5 times their salary as banks make larger loans available to customers. The bank is believed to be the first high street lender to offer mortgages worth more than six times a buyer’s salary since the financial crisis in 2008. Here, The i Paper takes a look at who this mortgage could be right for and who should avoid it. Who is eligible for the mortgage? The loan is available to customers with an HSBC Premier acc…

HSBC to let wealthy mortgage customers borrow 6.5 times their salary

For someone on a higher income, it could add up to an extra £200,000 or more to put towards a home.

Major bank offers mortgage lending at up to 6.5 times incomes

Those who qualify will require a deposit of at least 10% to potentially access the new lending offer.

HSBC UK offers mortgage lending at up to 6.5 times incomes for Premier customers

The bank said the new limit reflects its confidence in the financial resilience of its Premier customer base and a commitment to responsible lending.

HSBC breaks post-crisis barrier with 6.5-times salary mortgages for top-tier customers

HSBC has become the first major UK lender since the financial crisis to offer homebuyers loans worth up to 6.5 times their salary, in a move signalling the loosening of mortgage lending rules across the banking sector. The new deal, launched this week for HSBC Premier account holders, raises the maximum income multiple available on residential loans beyond that of any other high street bank. To qualify, customers must have at least a 10 per cent…

HSBC now lending 6.5x income for mortgage - for those who qualify

HSBC now lending 6.5x income for mortgage - for those who qualify - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.