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The HSBC Family Springboard Mortgage

Buy your dream home today with a little help from your family

Our Family Springboard Mortgage allows first-time home buyers the ability to purchase their dream home with little or no down payment, so long as their family or loved ones can provide additional security for the down payment shortfall.

Come and talk to us

Book an appointment with one of our mortgage experts to learn more about how a Family Springboard Mortgage could help you to get on the property ladder

Are you eligible?

To be eligible for the Family Springboard Mortgage you must:

  • Be 18 years old or older 
  • Purchase property must be located within Bermuda
  • Must be a first-time home buyer 

*Must not already own a property or have an outstanding mortgage with HSBC or any other entity

The HSBC Family Springboard Mortgage

Borrow up to 100% of the value of your new home.

  • Your family member provides the security for your mortgage by offering collateral equal to or up to to 20% of the property purchase price (required down payment).

Security can be either cash or property.

  • Family members are able to provide security in the form of either cash or property (property must be located in Bermuda)
  • Investments are not eligible to be used as security.
  • The maximum cash or collateral value that can be provided by a family member is $500,000.

Your family member's security can be released after 5 years.

Guarantors will earn interest on their cash while your property is being secured.

  • Your family member must put cash security in an account held with HSBC Bermuda.
  • Cash security is eligible for credit interest (hold your cash in an interest bearing account such as the Quarterly Bonus Saver Account)

Make unlimited overpayments without penalty.

  • Successful applicants will be able to make unlimited overpayments without penalty or giving notice period whilst the additional security is held.

*Applies to variable rates only

Lock in your interest rate by opting for the 5 year Fixed Rate.

  • Lock in your rate and payments over a 5 year period by opting for the 5 year fixed rate.
  • Locking in your rate gives you the peace of mind that no matter what happens your payments will not change for the next 5 years.

How much can I borrow?

Before you apply, try our mortgage calculator to get an indication of how much we may be able to lend based on your current income.

Contact us

By email

For general customer queries, pre-approval requests & documentation submission, you can email us at


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.

Listening to what you have to say about our services matters to us.