Buy-to-let mortgage rates are calculated on your loan-to-value (LTV) and the duration of the mortgage deal. Our website doesn't support your browser so please upgrade. The buy to let mortgage calculator gives you an indication of how much potential rental income you would need to receive to secure a mortgage, based on the purchase price of the property and the mortgage amount required. Lenders treat mortgages for a rental property as a higher risk than a residential mortgage. For example, if the monthly payment is £100 (100%), the monthly rental income must be at least £145 (145%). Calculate your buy to let mortgage payments… The monthly repayments of buy to let mortgages can vary greatly, as can the total amount you repay – our panel of lenders will help you get the lowest costs in order to maximise your income. For Buy to Let mortgages, the minimum loan is £25,000. For more information we have pulled together a buy-to-let guide. Rental income must cover 145% of mortgage repayments, or 125% if you’re remortgaging and don’t require additional borrowing. You'll need to have a deposit of at least 25% and we have a maximum lending limit. ... Buy to let mortgage . Mortgages for Business Ltd is authorised and regulated by the Finance Conduct Authority (No. We offer mortgages through HSBC Expat and HSBC UK. This buy to let mortgage calculator is designed to give you a quick idea of the likely mortgage amount you can borrow based on rental income coming in, however this amount is subject to lots of different things such as your credit history, monthly outgoings and deposit. † Lines open Monday to Saturday 8am - 8pm, Sunday 9am - 6pm. Step 2 Tell us about your finances. HSBC UK Buy to Let products will be more widely available towards the end of 2019. Applying for a mortgage involves two stages, firstly getting a Decision in Principle; secondly making a mortgage application. HSBC cannot provide tax advice and it is recommended that you speak to a tax expert. Our Mortgage Calculator Will Give You The Best Competitive Mortgage Rate. Step 3 Calculate your results. A buy-to-let mortgage is a mortgage sold specifically to people who buy property as an investment, rather than as a place to live. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Follow HSBC UK on Facebook This link will open in a new window, Follow HSBC UK on Twitter This link will open in a new window, Follow HSBC UK on YouTube This link will open in a new window, Our website doesn't support your browser so please upgrade, View our service status to see how we're doing, Careers, media, investor and corporate information, You must have owned and lived in your existing property for at least 6 months, The maximum Loan to Value (LTV) is 75%, subject to loan amount, Properties must be let under an Assured Shorthold Tenancies (AST) or company let agreement, The property must not be a House in Multiple Occupancy (HMO), e.g. Followed by a Variable Rate, currently* 4.60%: Initial interest rate period* 2 Years fixed rate until 28.02.23: Overall cost for comparison (APRC)* 4.4%. The FCA does not regulate some investment mortgage contracts. Buy-to-let calculator Confirm that you’re eligible and see what you could afford to borrow by answering a few questions about … Calculate your mortgage payments with HSBC Canada. Talk to us directly through our chat channels. Use our interactive tool to see how much you could borrow with HSBC. The repayments calculator helps you to work out how much your monthly payments could be. Like any investment, you need to understand the risks as well as any potential upside. With a great range of mortgages offering competitive interest rates, you'll find the right mortgage for you with HSBC. Whether you're starting or expanding your property portfolio, our Buy to Let mortgages are available up to 75% loan to value. Your total cash invested in £60,000. Our Buy to Let mortgages are available at up to 75% loan to value (LTV). The maximum borrowing amount for this is £50,000 with a maximum 60% loan to value) With let to buy mortgages, you are basically remortgaging your existing home to a buy to let mortgage and withdrawing the equity to use as a deposit on a new residential property that you intend to move to. BTL Affordability Calculator; Key Information Only Landlords with 10 or less Buy to Let / Consent to Let properties (mortgaged or unencumbered) will be considered for a mortgage Small Landlord 3 or less Buy to Let or Consent to Let mortgaged properties (including this application) We have a range of calculators to help make things simpler for you, from finding a mortgage to calculating the impact of an interest rate change on your repayments. Opening hours within the mortgage departments may vary. Our contact centres are extremely busy at the moment, please don’t call us unless it’s urgent. The calculator is designed to give you an accurate projection of the amount we may be able to lend to your customer. With rental property in high demand in many parts of the UK, the buy to let market has been growing significantly in recent years. We hope 2021 will be your year. To assess how much you can afford to borrow, a Rental Income affordability assessment is carried out. As with any investment, you need to understand the risks as well as any potential upside. Lines are open 8am-10pm every day. 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. A Portfolio Landlord is a person (or persons in the case of a joint mortgage) with four or more buy to let mortgaged properties in total at the end of the application. See our help and support pages for guidance and to find out what you can do through online and mobile banking. Thank you for your continued loyalty and banking with us in 2020. 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. Remarks. Our calculator helps you to understand the benefits of our Buy to Let proposition, and shows the options available to your customer to help them get the loan size they want and to maximise their investment opportunity. Your property may be repossessed if you do not keep up repayments on your mortgage . HSBC Group  |   © Copyright HSBC Group 2002-2020. 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. Buy-to-let mortgages work a little differently from standard residential ones. 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. For Buy to Let HomeOwner Loans/further advances, the minimum loan is £10,000. Brexit transition period – Please be assured that HSBC Expat will continue to service your banking needs during the Brexit transition period. The affordability of a Buy to Let mortgage will be assessed from the property's rental income. If your property of interest is located in Australia, Canada, mainland China, France, Hong Kong SAR, India, Malaysia, New Zealand, Singapore, UAE or the US, you may leave your details on our quick form. 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. It’s easy to get in touch online. Our website doesn't support your browser so please upgrade. You can apply for a residential mortgage if you're looking to buy a home for you and your family to live in, while a buy-to-let mortgage is for property you plan to rent out. Although there remains uncertainty around the Brexit process, we believe HSBC Expat is well placed to continue to provide you with expat banking services. With rental property in high demand in many parts of the UK, the buy to let market has been growing significantly in recent years. We’re sorry we can’t accept mortgage applications over 85% Loan to Value at the moment. All rights reserved, We could help you whether you're starting or expanding your portfolio. HSBC is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). A quick overview of Buy to Let mortgages: Long term investment - finding that first property to rent out or expanding your rental property portfolio could be a worthwhile investment in the longer term, but it's not risk free. Think carefully before securing other debts against your home. fixed. Maximum loan. 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. Where this is a Buy-to-Let fixed rate, this will move to the HSBC Buy-to-Let Standard Variable Rate. Follow HSBC UK on Facebook This link will open in a new window, Follow HSBC UK on Twitter This link will open in a new window, Follow HSBC UK on YouTube This link will open in a new window, Our website doesn't support your browser so please upgrade, View our service status to see how we're doing, Careers, media, investor and corporate information. 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