Whether you're starting out or expanding your portfolio, HSBC's Buy to Let mortgages could be the answer. Your total cash invested in £60,000. HSBC Fixed Term Tracker rates are variable and set at a fixed margin above the Bank of England Base Rate for the defined period, when this period ends, your mortgage interest rate will move to the HSBC Standard Variable Rate. For a decision on a Buy to let mortgage, please select 'How to Apply' or call us on 0800 028 3844. The rent must be at least 145% of the mortgage payment, using an interest rate that takes into account the possibility of future interest rate rises. Find out what you could borrow and what your payments will be today. Mortgage: 2 Year Fixed Standard Buy To Let: Initial interest rate* 1.69%. Buy-to-let mortgages allow you to invest in the property market by purchasing homes in the UK to rent to tenants. Step 3 Calculate your results. Booking fee* £1999: Annual overpayment allowance* 10%: Maximum loan amount: £ 2,000,000 How to apply: Mortgage: 5 Year Fixed Fee Saver If you started a mortgage application over the phone or online, you can log on to complete it or track its progress. You should obtain personal advice from qualified professionals. Any Questions Call Our Expert Team On ☎ +44 (0) 161 871 1216 For example, if the monthly payment is £100 (100%), the monthly rental income must be at least £145 (145%). Buy-to-let mortgage rates are calculated on your loan-to-value (LTV) and the duration of the mortgage deal. Borrow 5.25 times your salary (criteria apply) 90% Loan to Value (LTV) available A maximum Buy to Let lending limit applies, and other fees and charges may be payable including legal fees and charges applied by your existing lender. For more information we have pulled together a buy-to-let guide. You'll need to have a deposit of at least 25% and we have a maximum lending limit. Although there remains uncertainty around the Brexit process, we believe HSBC Expat is well placed to continue to provide you with expat banking services. Whether you're a first time buyer, an existing homeowner looking for a better mortgage deal or are investing in a buy to let, we're here to help. Where this is a Buy-to-Let fixed rate, this will move to the HSBC Buy-to-Let Standard Variable Rate. a student let, All Buy to Let mortgages are subject to underwriting and lending criteria that may be varied from time to time, Additional borrowing is available to existing HSBC Buy to Let mortgage holders looking to borrow more on their existing rental property, however total lending must not exceed 75% loan to value (except for additional borrowing taken for debt consolidation purposes. Talk to us directly through our chat channels. To apply for our Buy to Let mortgages, you'll need to meet our eligibility criteria: Our maximum borrowing limits take into account your total Buy to Let borrowing across all lenders and is subject to our maximum Buy to Let lending limits. Buy to Let mortgages are available to both existing and non-HSBC customers, providing we do not consider them to be a professional/portfolio landlord. Calculate your mortgage payments with HSBC Canada. It’s easy to get in touch online. Our buy to let factsheet (PDF) helps to outline this for you. This calculator allows you to compare our mortgage options to help you decide which one may be right for you. Whether you're a first time buyer, an existing homeowner looking for a better mortgage deal or are investing in a buy to let, we're here to help. Buy to Let calculator: how much could your customer borrow? We're not able to provide a Buy to Let mortgage if you're classed as either a Professional Landlord or a Portfolio Landlord: A Professional Landlord is a person (or persons in the case of the joint mortgage) with more than £2,000,000 in buy to let borrowing across all lenders or where more than 50 per cent of their total gross annual income (joint income) is from rental income. Use our calculator to check your buy-to-let eligibility and affordability, and then call us or visit a branch to book an appointment with a mortgage adviser. Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. The calculator is designed to give you an accurate projection of the amount we may be able to lend to your customer. Thank you for your continued loyalty and banking with us in 2020. 1 If the loan is repaid early then an early repayment charge will be payable.. 2 These options must be agreed at the start of the loan. As with any investment, you need to understand the risks as well as any potential upside. To assess how much you can afford to borrow, a Rental Income affordability assessment is carried out. Ready to explore mortgages? However, some buy-to-let mortgage providers can require deposits as large as 40%. HSBC Fixed Term Tracker rates are variable and set at a fixed margin above the Bank of England Base Rate for the defined period, when this period ends, your mortgage interest rate will move to the HSBC Standard Variable Rate. Like any investment, you need to understand the risks as well as any potential upside. Your net annual cash flow … For example, you invest in £50,000 as a deposit for your buy-to-let mortgage and spend £10,000 in renovations. Using a buy to let mortgage calculator can help you compare a wide range of buy to let mortgage options, whether you are a seasoned landlord with a property portfolio or just starting out in the world of residential letting. Your home may be repossessed if you do not keep up repayments on your mortgage. Our contact centres are extremely busy at the moment, please don’t call us unless it’s urgent. Interest only mortgages have become a popular choice amongst investors in the property industry, mainly due to the enticing lower monthly repayments. The maximum borrowing amount for this is £50,000 with a maximum 60% loan to value). Calls may be monitored and recorded. The FCA does not regulate some investment mortgage contracts. Our Mortgage Calculator Will Give You The Best Competitive Mortgage Rate. Brexit transition period – Please be assured that HSBC Expat will continue to service your banking needs during the Brexit transition period. 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