HSBC Expat Mortgage Rates: Who HSBC Lends to and Who It Declines
Updated 8 November 2026
HSBC lends to people living abroad through two separate arms. HSBC Expat, the bank's Jersey branch, offers UK buy-to-let mortgages to its own customers, while HSBC UK prices a non-resident range for homes and buy-to-let to residents of 14 approved countries and territories. This page sets both ranges out in one dated table, then the countries, incomes, currencies and portfolios HSBC declines and the lenders that take those cases. Mortgage One is a whole of market mortgage adviser arranging UK mortgages for British expats and foreign nationals paid in foreign currency.
For a free initial consultation on which lenders will take your case from the country you live in and the currency you are paid in, call 01202 155992 or contact Mortgage One.
HSBC expat mortgage rates checked on 8 November 2026
At our 8 November 2026 check, HSBC Expat's buy-to-let fixes started at 5.34% for two years and 5.44% for five years at up to 60% LTV, each with a £999 fee. HSBC UK's non-resident home loans started at 5.43% on a 3-year fix, and every HSBC tracker rose 0.25 points with the 5 November Bank Rate rise.
The tables show three ranges in turn: HSBC Expat buy-to-let for purchases and remortgages, HSBC UK home loans for non-UK residents, and HSBC UK buy-to-let for non-UK residents. Each is read from HSBC's own pages, and every rate is shown at the loan to value (LTV) band HSBC prices it at.
| Product | Purchase, up to 60% LTV | Purchase, up to 75% LTV | Remortgage, up to 60% LTV | Remortgage, up to 75% LTV | Booking fee |
|---|---|---|---|---|---|
| 2-year fixed | 5.34% | 5.44% | 5.24% | 5.34% | £999 |
| 2-year fixed Fee Saver | 5.74% | 5.84% | 5.64% | 5.74% | £0 |
| 5-year fixed | 5.44% | 5.54% | 5.34% | 5.44% | £999 |
| 5-year fixed Fee Saver | 5.84% | 5.94% | 5.74% | 5.84% | £0 |
| 2-year tracker | 5.59% (Bank Rate + 1.59) | 5.69% (Bank Rate + 1.69) | 5.49% (Bank Rate + 1.49) | 5.59% (Bank Rate + 1.59) | £999 |
HSBC Expat lends on UK buy-to-let to HSBC Expat customers, from its Jersey branch, on its rate sheet dated 6 November 2026. Existing HSBC Expat borrowers switching rate pay the remortgage rates. Fixes end on 31 January 2029 (2-year) and 31 January 2032 (5-year), then revert to the HSBC Expat Standard Variable Rate of 7.25%. Maximum loan £1 million up to 75% LTV or £2 million up to 65% LTV, maximum term 25 years. Fixed rates allow overpayments of 10% a year, and the early repayment charge above that is 1% for each remaining full year. Trackers carry no early repayment charge. Tracker margins are shown over Bank Rate of 4.00%, set on 5 November 2026.
| Product | Up to 60% LTV | Up to 70% LTV | Up to 75% LTV | Booking fee |
|---|---|---|---|---|
| 2-year fixed | 5.49% | 5.59% | 5.59% | £999 |
| 2-year fixed Fee Saver | 5.74% | 5.87% | 5.87% | £0 |
| 3-year fixed | 5.43% | 5.51% | 5.51% | £999 |
| 5-year fixed | 5.46% | 5.58% | 5.58% | £999 |
| 5-year fixed Fee Saver | 5.59% | 5.72% | 5.72% | £0 |
| 10-year fixed | 5.45% | 5.50% | 5.50% | £999 |
| 2-year tracker | 4.87% (Bank Rate + 0.87) | 4.97% (Bank Rate + 0.97) | 4.97% (Bank Rate + 0.97) | £999 |
For a UK home bought by a resident of one of HSBC UK's 14 approved countries and territories. HSBC Premier customers can take Premier versions of the 2-year and 5-year fixes 0.03 to 0.04 points lower. Fee Saver 3-year fixes are 5.59% at 60% and 5.71% at 70% or 75%, and Fee Saver 10-year fixes 5.55% and 5.65%. Every deal reverts to HSBC's Standard Variable Rate of 6.24%. Maximum loan £2 million, overpayments of 10% a year on fixed rates.
| Product | Up to 60% LTV | Up to 65% LTV | Up to 75% LTV | Booking fee |
|---|---|---|---|---|
| 2-year fixed | 5.46% | 5.59% | 5.59% | £1,999 |
| 2-year fixed Fee Saver | 5.79% | 5.89% | 5.89% | £0 |
| 5-year fixed | 5.41% | 5.48% | 5.48% | £1,999 |
| 5-year fixed Fee Saver | 5.62% | 5.79% | 5.79% | £0 |
| 2-year tracker | 5.08% (Bank Rate + 1.08) | 5.14% (Bank Rate + 1.14) | 5.34% (Bank Rate + 1.34) | £1,999 |
| 2-year tracker Fee Saver | 5.99% (Bank Rate + 1.99) | 5.99% (Bank Rate + 1.99) | 6.09% (Bank Rate + 2.09) | £0 |
HSBC UK's buy-to-let range for borrowers living in an approved country. Every deal reverts to a variable rate of 7.25%. Maximum loan £2 million at up to 60% LTV and £1 million at 65% or 75%. Source: HSBC Expat's buy-to-let page and rate sheet, and HSBC UK's non-UK resident mortgages page, all read on 8 November 2026 after the 5 November Bank Rate rise. HSBC changes rates without notice.
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HSBC left its fixed rates unchanged after the Bank of England raised Bank Rate from 3.75% to 4.00% on 5 November 2026, while its trackers moved up by the full 0.25 points. HSBC Expat's 2-year buy-to-let tracker now runs at 5.59% at 60% LTV, Bank Rate plus 1.59, and HSBC UK's non-resident buy-to-let tracker at 5.08%, Bank Rate plus 1.08. Our Bank of England base rate forecast shows where the market prices Bank Rate over the next two years.
How HSBC Expat and HSBC UK split their lending abroad
HSBC Expat lends on UK buy-to-let only, to its own customers, and publishes no rates for a home to live in. HSBC UK lends on homes and buy-to-let to residents of 14 countries and territories, at up to 75% LTV, with a £75,000 basic income floor on a home loan. Where you live decides which arm can lend.
HSBC Expat's published application routes are its own online form, booked appointments with its mortgage specialists and its Relationship Managers, it lists no intermediary channel, and its UK buy-to-let range is for HSBC Expat customers, with an Expat Bank Account opened during the application where one is needed.
HSBC UK's non-resident range sits in HSBC's intermediary criteria, so a broker can test it alongside the rest of the market. Its range runs from 5.43% on a 3-year fix for a home at 60% LTV and from 5.41% on a 5-year buy-to-let fix with a £1,999 fee, and every non-resident deal reverts to a variable rate once the fix ends.
Who HSBC lends to abroad, and who it turns away
HSBC UK lends to residents of Australia, Egypt, Guernsey, Hong Kong, the Isle of Man, Jersey, Malaysia, the Philippines, Qatar, Singapore, Switzerland, Taiwan, the UAE and the USA. A home loan needs basic income of at least £75,000, and a buy-to-let needs £50,000, or £75,000 if self-employed.
Residents of any other country cannot apply to HSBC UK, and HSBC Expat publishes no country list, so a British expat in Saudi Arabia, Kuwait, Canada or anywhere in the EU is placed with lenders whose country lists cover them. Qatar residents must already bank with HSBC, and an Australian resident can take advice on a UK home only while in the UK.
Buy-to-let income floors differ by channel. HSBC UK's own non-resident page asks for £50,000 of basic income, or £75,000 if self-employed, with a 25% deposit rising to 40% on loans above £1 million. Its broker criteria set £75,000 of basic income for any buy-to-let case with a non-UK resident on it, and count no bonus, commission or overtime. A case between those figures needs checking before anything is submitted.
The property rules are narrower than most expat lenders. HSBC UK will not lend where the borrower already holds three mortgaged UK buy-to-let properties or is a portfolio landlord, and it declines houses in multiple occupation, holiday lets and student lets. HSBC Expat lets only on assured periodic tenancies or company lets and caps the term at 25 years. Each of these is a case other lenders take, and our expat mortgage rates table sets out the wider market by lender.
If your basic income sits below £75,000, your country is not on HSBC UK's list or you already own three mortgaged buy-to-lets, call 01202 155992 or contact Mortgage One.
How does HSBC treat foreign currency income?
HSBC converts foreign pay to sterling and then cuts it before the affordability test. Its June 2026 currency matrix applies 10% to euros, Australian dollars, Singapore dollars and Malaysian ringgit, and 20% to US dollars, Hong Kong dollars, Swiss francs, Qatari riyals and New Taiwan dollars.
A US dollar salary worth £90,000 therefore counts as £72,000 in HSBC's affordability calculation, and the same salary paid in euros counts as £81,000. Some currencies are not accepted at all: HSBC's matrix does not take Egyptian pounds as income, even though Egypt is on its country list. Our expat mortgage calculator applies currency cuts of this kind to show what a UK lender is likely to lend.
A 20% cut can turn a case that passes elsewhere into a decline at HSBC. Our guide to non-UK resident mortgages compares how other lenders treat the same currencies, some with no haircut at all.
How much rent does an HSBC expat buy-to-let need?
HSBC UK needs rent of at least 145% of the interest on a non-resident buy-to-let, worked out at a stress rate above the pay rate. On £250,000 at 60% LTV that means about £1,951 a month on the 5-year fix and £2,254 a month on the 2-year fix.
The gap comes from the stress rate. A 5-year fix is tested at the pay rate plus 1.05 points, 6.46% on the 5.41% deal, while a 2-year fix is tested at the pay rate plus 2 points, 7.46%. A tracker is tested at the higher of the pay rate plus 2 points or 6.35%, now 7.08% on the 5.08% deal, which needs about £2,139 a month. Choosing the 5-year fix lowers the rent needed by about £302 a month against the 2-year fix on a £250,000 loan.
Non-residents cannot use personal income to top up a rent shortfall at HSBC UK, because its top slicing policy covers UK residents only. HSBC Expat does not publish its rent test. Where the rent falls short, Skipton International's 125% test, set out below, is the first lower bar to try.
How much more do non-UK residents pay than HSBC's UK range?
About half a point. At our 8 November 2026 check, HSBC UK charged a non-UK resident 5.49% on a 2-year fix at 60% LTV against 4.96% for a UK resident moving home, 0.53 points more. On the 5-year fix the gap was 0.47 points at 60% LTV and 0.45 points at 75%.
On £300,000 repaid over 25 years, that premium costs about £94 a month on the 2-year fix and £83 a month on the 5-year fix. HSBC's UK resident rates are tracked on our HSBC mortgage rates page. A borrower about to move back to the UK may qualify for those instead, as the returning expats section below sets out.
Skipton International and NatWest International when HSBC says no
Both lend to non-UK residents through mortgage brokers and cover cases HSBC turns away. Skipton International lends on UK buy-to-let from £100,000 over terms up to 45 years at a 125% rent test, and NatWest International accepts landlords with up to nine buy-to-let properties against HSBC UK's limit of three mortgaged ones.
Skipton International lends at up to 75% LTV on loans to £1.25 million. It needs employed income of £50,000 alone or £80,000 jointly, or £75,000 self-employed, and it does not lend to residents of Australia or the EU.
NatWest International takes new UK applications only through regulated brokers, on homes up to 80% LTV and buy-to-let up to 75%, from £100,000. Its 2-year buy-to-let fix was 5.64% at 60% LTV with a £1,999 fee on its rate sheet dated 1 October 2026, and its buy-to-let lending is capped at £3.5 million in total.
Returning to the UK: when HSBC treats you as a UK borrower
HSBC UK assesses a UK national, or a foreign national with indefinite leave to remain, who moves back within six months as a UK case if the move is evidenced, for example by an employer's letter. That case is priced from HSBC's UK resident range, about half a point below its non-resident rates.
The same exception covers a UK national on a short secondment with a fixed end date, or someone who travels for work and keeps a verified UK address as their main correspondence address. Our guide to UK mortgages for returning expats covers the timing, and borrowers who already own a UK property and want to refinance from abroad can compare lenders in our expat remortgage guide.
To have a buy-to-let held in your own name priced across the lenders that accept your country and currency, call 01202 155992 or contact Mortgage One.
The information provided in this article is for general guidance only and does not constitute personal or regulated financial advice. If you'd like to understand what these moves could mean for you, speak to Mortgage One. We can explain your options and timings based on your specific circumstances.
FAQs
1. What are HSBC expat mortgage rates today? At our 8 November 2026 check, HSBC Expat's buy-to-let fixes started at 5.34% for two years and 5.44% for five years at up to 60% LTV, each with a £999 fee. HSBC UK's non-resident home loans started at 5.43% on a 3-year fix and 5.46% on a 5-year fix at 60% LTV.
2. Can expats get an HSBC mortgage? Yes, if they live in one of HSBC UK's 14 approved countries and territories and earn at least £75,000 of basic income for a home loan or £50,000 for buy-to-let, or through HSBC Expat for buy-to-let as an HSBC Expat customer. HSBC lends up to 75% LTV to non-UK residents.
3. Does HSBC Expat do buy-to-let mortgages? Yes, for HSBC Expat customers. It offers 2-year and 5-year fixes and a 2-year tracker on UK buy-to-let at up to 75% LTV, over a maximum term of 25 years. HSBC UK also lends on buy-to-let to non-UK residents, from 5.41% on a 5-year fix at 60% LTV with a £1,999 fee.
4. Is HSBC Expat any good? Its buy-to-let fixes are priced close to HSBC UK's non-resident range, but its criteria are narrow. It lends only to HSBC Expat customers, caps the term at 25 years, lets only on assured periodic tenancies or company lets, and does not publish its country list or rent test.
5. Does HSBC lend to returning expats? Yes. HSBC UK assesses a UK national, or a foreign national with indefinite leave to remain, who is moving back to the UK within six months as a UK borrower if the move is evidenced and they hold a verified UK address. That gives access to HSBC's UK resident rates.
6. Is there an HSBC expat mortgage calculator? HSBC UK publishes a buy-to-let affordability calculator. Our expat mortgage calculator applies foreign currency cuts and buy-to-let rent tests to estimate what UK lenders, HSBC among them, are likely to lend.
7. Which UK banks offer expat mortgages? HSBC lends to expats through HSBC Expat and HSBC UK, NatWest International lends through regulated brokers, and Skipton International lends on buy-to-let. Several building societies also lend to British expats, each with its own country and currency list.
8. Can a broker help with an HSBC expat mortgage? A broker can test HSBC UK's non-resident range and the lenders that cover the countries, currencies and portfolios HSBC declines. Mortgage One is a whole of market mortgage adviser, compares those lenders for your case, and the first consultation costs nothing.