Build your new home from the ground up…
With a construction loan we can help you build your new house, fund additions to your property or make major home improvements, while saving money on interest payments.
Make interest-only payments while your home is under construction
Lending terms up to 30 years
Variable interest rates
Save $200 when you apply using online banking
Things you should know
You will also need to secure 10% of the total project cost plus an additional 5% for cost overruns before applying.
To be eligible for a Construction Loan you must:
- be 18 years old or older
- your property must be located in Bermuda
- your mortgage for said property must be held with HSBC Bermuda
How to apply
To discuss whether a Construction loan could be right for you, please make an appointment with one of our dedicated Mortgage experts by calling +1 441 299 5959 or by completing our callback request form.
This product and service is offered only in the jurisdiction of Bermuda by HSBC Bank Bermuda Limited and the material presented is not intended for use by persons located in or resident in other jurisdictions.
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Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.