HSBC enters the broker expat BTL mortgage

On the 21st May HSBC launched BTL mortgages for non-UK residents through their intermediary channel, subject to meeting minimum lending criteria. For eligible clients this positively disrupts the market, with lower rates and better lending terms available.

What are the requirements?

• Minimum income of £75,000 for a sole applicant (GBP equivalent)
• Lending based on rental income only
• No maximum age, but minimum income must be evidence throughout the term

Eligible countries

To be eligible for the products, subject to meeting all other requirements, applicants must be resident in :

• Australia
• singapore
• Guernsey
• Hong Kong
• Isle of Man
• Jersey
• Malaysia
• Philippines
• Qatar
• Singapore
• Switzerland
• Taiwan
• UAE
• United States of America (USA)

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