Remortgages - with the security located in England, Wales, Scotland and Northern Ireland; Remortgage â with a transfer of title; and. Non Standard Construction. For more information, please contact your mortgage professional. unable to move home or change their interest following the introduction of more stringent affordability requirements. If you intend to capitalise a booking fee then the loan amount plus the added fee must remain within the LTV Standard construction in England and Wales is defined as brick or block walls. Amending your client s mortgage application Once you have submitted an application to us, please use this form if you need to amend the details of your client s mortgage application. Complete a rate-switch or apply for additional borrowing during the Consent to Let period. Leasehold properties must have a minimum unexpired term of 70 years at mortgage commencement, and 30 years remaining at mortgage redemption. restrictions stated above. 2 A maximum of four borrowers are allowed and at least one borrower must have a Premier7 (which includes HSBC Jade) or Advance8 relationship. The following 'kit-built' type of constructions with special architectural merit or proven long-term durability are considered restricted with a maximum LTV of 80%, subject to usual warranty provision if less than 10 years old: Durisol houses are accepted up to 80% LTV, subject to a satisfactory structural engineer's report. Getting a mortgage if your property is built from non standard construction e.g. Single applicants requesting a residential interest-only mortgage will be required to have an annual minimum income £100,000 which must meet our income eligibility criteria below. When you submit an application online, we automatically run an electronic identity check. For income in a Foreign currency other than GBP, the amount should be converted using an appropriate currency conversion We cannot provide residential mortgage facilities on a property that is used wholly for business purposes or where there are commercial buildings on the same title (for example, a holiday let/cottage). Freehold flats are only acceptable where the security will comprise the freehold of the full building within which the flat is contained or where the legal arrangements for freehold flats are satisfactory and accepted in the local market as confirmed by the solicitor or licensed conveyancer acting for the Bank (for example, in Scotland and Jersey). The customer is a UK national working overseas on a temporary or short-term basis (e.g. Facebook This link will open in a new window, Twitter This link will open in a new window, Youtube This link will open in a new window, HSBC Cash Rewards Mastercard® credit card Student Account, Information for Real Estate Professionals, Research backgrounds of brokers and firms for free by visiting FINRA's BrokerCheck™ website, Careers, media, investor and corporate information, Non-Standard B 70% (and 30% of the units closed). The applicant(s) does not have any arrears on any of the loan parts which are associated with the property and A sole owner where a declaration of trust is to be created. physically located in Australia, you cannot proceed with a residential application while they are in Australia. Excludes HSBC Corporate Cards. About Post Author. employee benefits, partner's income (where party to the mortgage), savings, etc. Current branch hours of operation are 9:00am - 4:00pm. HSBC Mortgage lending is limited to a maximum of 80% per property. We cannot provide lending for properties with covenants that restrict the period of occupation and/or the age or type of employment of the occupant. A good broker will know the market and can choose lenders with whom you have the best chance of being accepted with the least restrictions. Residents of Malaysia can apply for a UK mortgage provided the following guidance is adhered to: Residents of Oman can apply for a UK mortgage provided the following guidance is adhered to: Proceed with application provided all other relevant criteria are met: Residents of Russia can apply for a UK mortgage provided that the following guidance is adhered to: Residents of Saudi Arabia can apply for a UK mortgage provided the following guidance is adhered to: Residents of Singapore can apply for a UK mortgage provided the following guidance is adhered to: Residents of Taiwan can apply for a UK mortgage provided the following guidance is adhered to: This includes Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. Any customers who wish to complete a simultaneous porting application, who meet the TA criteria but are currently in arrears, will need to contact HSBC UK directly to complete these applications. This means customers can choose to increase their monthly mortgage payments or make lump sum payments up to this allowance each year that Early Repayment Charges apply, without incurring any charges. 5. The affordability assessment reviews the customer's net income, the customer's committed expenditure, basic essential expenditure and the basic living costs of their household. Where an applicant is within 10 years of their retirement age (subject to a system maximum), we may ask for further evidence of pension provision if not already provided and the application may be assessed on projected pension income. Only earned income relating to the hours worked by the applicant, and paid by their employer, can be used in the © Copyright HSBC Group 2018. Our Estate Management Charge criteria, subject to valuation and insurance being available on standard … currency values other than GBP, the amount should be converted using an appropriate currency conversion tool and input Online bank statements and online payslips cannot be accepted together; hard copies of one or the other are required, or a letter from the applicant's employer. by an underwriter. Further advances as standalone applications must be no less than Â£10,000. 4.49 times income for applications with income of, 4.75 times income for applications with income of, 5.0 times income for applications with income of, 4.49 times income for applications with income less than Â£100k, 4.75 times income for applications with income of Â£100k or more. We will only approve where the letting will be on an assured shorthold tenancy or company let basis (England and Wales) Mortgage at the lower LTV ratio of 80 %, or leasehold Sub-sale! 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