Fixed Rate Mortgage

A fixed rate mortgage provides the security of fixed mortgage repayments until an agreed date, no matter what happens to interest rates.

And like all of our mortgage products the greater your equity or deposit, the lower your Loan to Value (LTV) ratio is, and so the better the rate HSBC can offer you. The LTV represents the percentage of the value of the property which you are seeking to borrow. For example, a £100k property with an £80k mortgage = 80% LTV.

• The amount you repay each month will stay the same for the fixed term, regardless of what happens to interest rates.
• We offer fixed rate mortgages over a range of periods. At the end of the fixed rate period your mortgage will revert to the HSBC Standard Variable rate or HSBC Buy to Let Standard Variable rate unless you successfully apply for another product (e.g. another fixed-rate or tracker mortgage).
• An Early Repayment Charge (ERC) applies to some of our products. As long as you do not exceed your annual overpayment allowance during a year when the ERC applies, you can make as many overpayments as you like within that year. If you exceed your annual overpayment allowance, the ERC will be charged on the amount you have repaid over the allowance.
  

Key information about our fixed rate mortgages

• Interest rate type: Interest payable will be fixed during the fixed rate period. When the fixed period ends, the rate will move to the HSBC Standard Variable rate or HSBC Buy to Let Standard Variable rate.
  
• Is interest calculated daily? The interest chargeable on the outstanding mortgage balance is calculated every day rather than at the end of each week, month or year.
• Can I make overpayments without incurring Early Repayment Charges (ERC)? An Early Repayment Charge (ERC) is a charge you may have to pay if you repay the whole or part of your mortgage early (which includes when you move to a different HSBC product or move to a different lender) during a certain period.