Switch your mortgage

Mortgage switching is the process of moving your mortgage from one rate to another. You can switch your HSBC mortgage to a different rate or transfer your mortgage to us from another bank. 

You might decide to do this because: 

• the fixed rate on your current mortgage is coming to an end
• you want a better deal to save money
• you're unhappy with the service from your existing provider

Find out more about our mortgage fees.

If you're looking to switch your mortgage because your current fixed or discounted rate is coming to an end, plan for your new mortgage to start immediately after the fixed period has ended. This will avoid any early repayment charges.

It can take several weeks to move your mortgage if switching from another lending institution, so make sure you plan ahead.

Your Loan to Value (LTV) is the ratio between the amount of the loan you take out and the value of your property as a whole, as a percentage.

When you decide how much to borrow, it's worth considering what your LTV will be.

For example, your property may be worth more now than when you took out your original mortgage. This could mean that your LTV ratio will be lower than when you took out your original mortgage.

You can use our mortgage calculator to give you an idea of the maximum amount you could borrow based on your income.

Please note that the figure provided won't take into account your individual circumstances, such as your household spending and credit history, or any of the property details.

To get a more personalised estimate of how much you could borrow, make an appointment to speak to one of our mortgage specialists.

Our team of dedicated mortgage specialists are available to guide you through the mortgage switching process from beginning to end. Contact us today to arrange an initial consultation.