HSBC Deals & Sales for 2017 - HotUKDeals
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715

New HSBC Fixed Rate Mortgage Rates - 2yr @ 1.24% 3yr @ 1.44% 5yr @ 1.79%

133
£0.00 @ HSBC
HSBC have just revised their mortgage rates. I'm in the process of switching and this may well change my mind on which product to go for. Current deals I'm considering (60% LTV) with HSBC Advance A…
HSBC have just revised their mortgage rates. I'm in the process of switching and this may well change my mind on which product to go for. Current deals I'm considering (60% LTV) with HSBC Advance A…
Yakkity Avatar1m, 2d agoFound 1 month, 2 days ago133 Comments
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whatyadoinsucka
ruheluddin86
Tesco have 1.78% BTL 5 year fixed, fees £1020. Is that a good deal!?
Depends how big your mortgage is, may be cheaper to take a fee free at 1.94% 5 year with HSBC


Only 60k - 60% LTV?
ruheluddin86
Tesco have 1.78% BTL 5 year fixed, fees £1020. Is that a good deal!?
Depends how big your mortgage is, may be cheaper to take a fee free at 1.94% 5 year with HSBC
Tesco have 1.78% BTL 5 year fixed, fees £1020. Is that a good deal!?
Mada06
ruheluddin86
For anyone struggling to calculate best deals including any fees etc use this website - http://www.thisismoney.co.uk/money/mortgageshome/article-1633400/Mortgage-calculator-Compare-true-cost-rates-fees.html

This takes some beating: https://www.moneysavingexpert.com/mortgages/best-buys/


That's a great article! My link was supposed to direct you to a calculator showing what you end up paying depending on the year of terms/interest/fees etc. I'll try editing the link with the correct webpage.
Now they taken the product fees off this deal deserves the heat it attracted.
286

HSBC Credit card - £25 cashback offer

46
£0.00 @ HSBC
Until the 28th Feb, HSBC are offering £25 cashback if you apply for an HSBC Credit Card and use the credit card for either a purchase or a balance transfer within 60 days of opening the credit card ac…
Until the 28th Feb, HSBC are offering £25 cashback if you apply for an HSBC Credit Card and use the credit card for either a purchase or a balance transfer within 60 days of opening the credit card ac…
WiganLaticsFan Avatar1m, 1w agoFound 1 month, 1 week ago46 Comments
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Haryrams77
Did you had to specify your current/savings account for the credit to come in. I applied online today.

I already had a current account with them. When I signed up I selected that for the Direct Debit, and I think terms of the offer stated they'd pay the £25 into your HSBC current account if you had one (which they did). I can't remember how it worked otherwise, perhaps it's the account you set for your Direct Debit.
morgie
Received the £25 in my current account today, just before my credit card payment is due. Thanks again to the OP, was a simple £25.

Did you had to specify your current/savings account for the credit to come in. I applied online today.
Received the £25 in my current account today, just before my credit card payment is due. Thanks again to the OP, was a simple £25.
Card arrived today, 3 days after applying, thanks again OP. Confirmed, not contactless.
coss9
sniperpenguin
Not really an issue, but it does show up as "available credit" when you apply for a loan etc.
I've read somewhere unused credit goes against your credit rating - if you don't use it, get rid of it.

Not true. However, if you apply for a mortgage, major loan etc some take into account how much you could owe if you maxed out the cards. Therefore, you may get offered slightly less for a mortgage as your outgoings would be higher with a maxed out card.
557Expired

Get £10 cashback when you use Android Pay [HSBC]

45
£0.00 @ HSBC
£10 Cashback for using Android Pay with HSBC. Not sure if this is account specific but worth checking if you're with HSBC. Early bird or reluctant riser? Either way, here's something to get your da…
£10 Cashback for using Android Pay with HSBC. Not sure if this is account specific but worth checking if you're with HSBC. Early bird or reluctant riser? Either way, here's something to get your da…
krazyasif786 Avatar3m, 3w agoFound 3 months, 3 weeks ago45 Comments
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Anyone got their tenner yet? Still nothing on my account.

The original t&c say "The £10 cashback will be credited to your HSBC Current Account within 60 days of the Promotion Period ending."

Which would be about the end of February.
completely forgot about this, but did anyone receive their cashback? cause i didn't, but it did make me use android pay with my hsbc card
Didn't get, very funny
Delio79
iz123456789
can you download Android pay on a iPhone?


​No


​Ha
Added my HSBC Credit card to android pay and used 3 times yesterday. I guess that would be enough for the £10 cashback?
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1188

5 Year fixed mortgage 1.84% at HSBC

112
£0.00 @ HSBC
1.84% if u have 60% loan to property value. Worth a look if remortgaging soon. There is a £999 booking fee. There is also an option at 1.99% with no booking fee.
1.84% if u have 60% loan to property value. Worth a look if remortgaging soon. There is a £999 booking fee. There is also an option at 1.99% with no booking fee.
nickypapos Avatar4m, 2w agoFound 4 months, 2 weeks ago112 Comments
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I'm looking for a 5 year deal and thinking of paying to get out of current deal which expires around the time of brexit. I don't really like the thought of looking for a mortgage around this time with all of the uncertainty.
Go Jets
Mine finished last year, just started to relax now got one for my daughter who, like most, struggles to "get on the ladder"

Should have got bunk beds as a child, makes good ladder practice.
pantaiema
lbeedee21
With HSBC mortgages you can switch anytime - and if your an advanced customer nearly all the products I've seen are zero charge for erc and overpayments. I hit 60% Ltv last week
Could anyone else please confirm this information ??
I am HSBC advance customer with two years fixed rate. If I switch my mortgage eve to HSBC, I will still need to pay ERC.

Read your current contract to see if you will pay ERC.
could anyone suggest me; I am moving my remortgage application to HSBC now. but in the document they are asking for witness. should i need to get witness for remortgage..if yes who can do this? Thanks
we are about to sell and buy. the solicitor we have picked refuses to deal with HSBC mortgages saying they impose unnecessary charges.
417Expired

HSBC 10 Year Fixed Fee-Free Mortgage - 2.49% - Max 65% LTV

52
£0.00 @ HSBC
HSBC have further reduced their 10 year fixed mortgage rate down to 2.49%. Appears to be open to all mortgages provided your LTV is 65% or greater. Seems to have only just been changed, as mortg…
HSBC have further reduced their 10 year fixed mortgage rate down to 2.49%. Appears to be open to all mortgages provided your LTV is 65% or greater. Seems to have only just been changed, as mortg…
muddyfox470 Avatar4m, 2w agoFound 4 months, 2 weeks ago52 Comments
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HangTime
Has this been pulled?

As of 06 Dec yes, they now offer 2.99% for 10 years. It appears it is due to the mortgage swap rates increasing across the globe.
Has this been pulled?
nice find
Master G
bubblesmoney
If you have 60% LTV or better and satisfy hsbc criteria then there is no better rate out than that I am aware of apart from their life time trackers of 1.74℅ (30+ years more or less depending on circumstances. 1.49% above base rate). Fee was £749. valuation was £190 I think. no exit fees, no early redemption fees, no over payment fees.
But hsbc can be a pain and pig headed to deal with. just needed 44% LTV but some idiot in hsbc underwriting dept, released my part exchange amount as builders incentive and refused to count the entire part exchange amount of £160,000 and only wanted to count my additional cash deposit for LTV calculations. Had to put a formal complaint in about the idiots in their underwriting department. Yes I called them idiots lacking basic maths competency in my official complaint. Had to also write to their social media teams to get this expedited and after enquiry they apologised to me and agreed that my calculations were correct entirely and their underwriting dept was wrong. Got 1.74% life time tracker and also apology and a small financial contribution as compensation for my troubles.
Mortgage was approved instantly at first meeting. initial meeting is usually a 90 months appointment at HSBC. they usually need a second 90 minute appointment after a week. but you can ask for a combined 3h appointment to do everything in one go. I want aware and had only booked 90 minutes appointment phone team booked only 90 minutes but managed to pester mortgage advisor to do it all in one day and after 3h 10 mins appointment mortgage was approved immediately. also got competitive home insurance 25% discount when done together. Same for term life insurance. Valuation appointment was done in under 3 hours. Valuation done in under 1 week. mortgage offer confirmed in a few more days and moving in a couple of weeks. I could have moved sooner but refused and asked for a week more as otherwise it would have been inconvenient for me. All done and dusted in under 1.5 months of seeing new home. Could have been sooner but delayed it by choice by one week.
LOOONNG story short, complain to HSBC management if HSBC underwriters are being a pain in the ****. Some Jokers at their underwriting dept need to be fired. I have already written to them about that. if more people do the same then some of them might actually get fired.
Am happy with my market leading rate and low fees and no other fees for early payment etc. Plus competitive home insurance and life insurance etc, don't forget the 25% discount when done together with mortgage. As always compare. In my case it was by far the cheapest option.
For part of my mortgage they allowed me to port my earlier rate of 1.24% life time tracker rate for my earlier mortgage without any additional fees for porting it.
Please note to avoid delays and referral to underwriting team, keep you mortgage duration lower than state retirement age. if longer then needs automatic referral to underwriting team causing further delays.
Initially underwriting team wanted additional £45,000 to be eligible for tracker life time mortgage due to them ignoring my part exchange amount from deposit calculations as they considered it a builder incentive! But after referring them in writing to their complaints department it got sorted with an apology and small compensation. I did later make an additional cash deposit but that was by choice and the complaint was to prove a point to their underwriting team who **** me off. My earlier life time tracker mortgage with HSBC was faultless and didn't encounter any idiots last time around. They can be picky but for those that qualify there can't be much better deals out there.
"LOOONNG story short" So pleased you didn't give us the LOOONNG version. oO


​That was the long version :) I was just recapping the long story at the end :D
andy1989
HSBC whilst offer the lowest rates are absolutely awful to deal with regarding mortgages. Slowest bank ever.

They are the cheapest for a reason.


​In the end you have to see what suits your interests best. For a little hassle lasting few hours, it's worth saving nearly 0.5 to 0.7% of a life time tracker mortgage that might last for beyond 39y. Savings really add up which is easily demonstrated using mortgage calculators for capital repayment mortgages.

HSBC are thorough vetting mortgage applications and went through expenses and income etc like a comb. Hence why they didn't need Govt bail outs unlike RBS et all.

Previously had access to RBS fixed staff rate mortgages but didn't accept that and instead got a life time tracker from HSBC. Best decision I ever made refusing staff RBS mortgage and going with HSBC.
96

Get £200 when you switch and stay with HSBC Advance

17
£0.00 @ HSBC
Open a new HSBC Advance or HSBC Premier Account and get £150 when you switch with a minimum of 2 Direct Debits or Standing Orders using the Current Account Switch Service within 30 days of opening you…
Open a new HSBC Advance or HSBC Premier Account and get £150 when you switch with a minimum of 2 Direct Debits or Standing Orders using the Current Account Switch Service within 30 days of opening you…
Satsbefast Avatar4m, 4w agoFound 4 months, 4 weeks ago17 Comments
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http://www.moneywise.co.uk/news/2016-09-07/looking-to-switch-current-account-get-200-hsbc (seemingly the £1750 doesn't need to be from one payment i.e. wages)
or over the phone. thanks for the help.
or over the phone
Yes but the switching process with HSBC has to be completed in branch for some reason. don't know why? I'm convinced (not 100% sure for definite) they will ask about earnings then.
Don't think it'll matter much, I've done plently switches and never been asked for anything when opening accounts.
619Expired

10 year fee-free fixed mortgage 2.64% - 65% LTV

63
£0.00 @ HSBC
HSBC had, and still has, a deal for 10 year fixed rate fee-saver mortgages at 70% LTV for 2.79% (see link below): http://www.hotukdeals.com/deals/10-year-fixed-rate-mortgage-2-79-max-ltv-70-0-booki…
HSBC had, and still has, a deal for 10 year fixed rate fee-saver mortgages at 70% LTV for 2.79% (see link below): http://www.hotukdeals.com/deals/10-year-fixed-rate-mortgage-2-79-max-ltv-70-0-booki…
marathonic Avatar5m, 1w agoFound 5 months, 1 week ago63 Comments
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paypeanuts
I've regretted every long-term fix I've ever taken out as they've never worked out cheaper than, say, a base rate tracker. Avoid them, kids.


​I guess your regrets will be over soon as the swap rates increased and mortgage rates at increasing across the board now
Who'd mortgage a house when you can just buy it?????
adamsxi
whatyadoinsucka
Not a bad rate if you have 35% equity and a big mortgage outstanding, but for me my tracker at 1.5% plus base is likely the only mortgage I.ll need..
It's all about risk and return, the banks only ever promote risk as a bad thing, thereby offering expensive products to cover the risk namely insurance and fixed rate mortgages.
If you can afford to overpay on a mortgage and you are not overstretched a base rate tracker will always be well below the medium-long term average interest rate.
(Ie far cheaper than paying fees and a high rate to fix)
Take out the longest possible mortgage period 30+years that will ensure the capital element of the repayment is low, hence if base rates go up you have plenty of leeway against earnings on the interest element. Don't get me wrong base rate trackers aren't for everyone, and you need a little financial nous about you to understand the true win win potential
Not quite win win if interest rates go up during the term
Agreed win/win is too positive a comment, but If interest rates go up, new fixes also go up well above a base rate tracker, so overall a base rate tracker will always be cheaper, no setup fees every couple of years for a start , yeah you may strike lucky with a low fix when rates rapidly rise, but the banks ain't stupid, it's all factored in to their current offerings and base rate ain't going nowhere for the time being..
The majority of trackers are unlimited payments too and can be paid off without yet more fees

Edited By: whatyadoinsucka on Sep 17, 2016 20:17
lanc1979
Franken
lanc1979
Franken
Agreed. HSBC doing a 2yr 0.99% 65% LTV at the mo. 1499 fee but you'll make that back plus loads more in interest savings over the course of the 24 months compared to this 10 year. I'm hoping this will still be around when my current 1.99% deal runs out next July.
There remains a tipping point though, where it is worth paying a fee. Quick maths on your 0.99% with fee of 1499, says you must have a mortgage of greater than 120,000 to see the benefit of paying a fee. Anything less, and a fee free mortgage at current rates (2.5% ish) is better value.
For anything over 120,000 that's a good deal though.
Your maths must be different from my maths then. Currently paying 194 on average in interest each month on a 1.99% deal. So halving that to 0.99% means I'm saving 97 quid per month on interest x 24 months = 2328 overall - 1499 fee = profit?
​The proverbial "you" ie average Joe, not you as Franken.
I don't know the amount of your mortgage so can't do maths on yours, just the product which is a very good product as long as the mortgage amount is greater than 120,000 ish. Anything below 120,000 would be cheaper on a fee free mortgage.

Will have 108500 left on mortgage when my current deal runs out. Curerntly would be able to get 1.84% on 2 year no fee and plan on continuing to pay 700 a month no matter what.. Still works out cheaper imo but haven't worked out the finer details so you may be correct. A lot can and probably will change by next July when my current deal expires.

Edited By: Franken on Sep 17, 2016 19:40
Franken
lanc1979
Franken
Agreed. HSBC doing a 2yr 0.99% 65% LTV at the mo. 1499 fee but you'll make that back plus loads more in interest savings over the course of the 24 months compared to this 10 year. I'm hoping this will still be around when my current 1.99% deal runs out next July.
There remains a tipping point though, where it is worth paying a fee. Quick maths on your 0.99% with fee of 1499, says you must have a mortgage of greater than 120,000 to see the benefit of paying a fee. Anything less, and a fee free mortgage at current rates (2.5% ish) is better value.
For anything over 120,000 that's a good deal though.

Your maths must be different from my maths then. Currently paying 194 on average in interest each month on a 1.99% deal. So halving that to 0.99% means I'm saving 97 quid per month on interest x 24 months = 2328 overall - 1499 fee = profit?


​The proverbial "you" ie average Joe, not you as Franken.
I don't know the amount of your mortgage so can't do maths on yours, just the product which is a very good product as long as the mortgage amount is greater than 120,000 ish. Anything below 120,000 would be cheaper on a fee free mortgage.
-18Expired

Free strawberries and cream for HSBC customers @ Wimbledon

5
£0.00 @ HSBC
For those of you lucky enough to have tickets to Wimbledon, HSBC are offering free strawberries and cream, just have to present your debit/credit card at their kiosk. Via Twitter: "Free strawberr…
For those of you lucky enough to have tickets to Wimbledon, HSBC are offering free strawberries and cream, just have to present your debit/credit card at their kiosk. Via Twitter: "Free strawberr…
Tuesday4 Avatar7m, 3w agoFound 7 months, 3 weeks ago5 Comments
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Good reminder, got mine yesterday!
No idea why this is being voted cold tbh. V odd, it's a freebie! Hope it's helped at least one person anyhow.
Nice freebie. Find another forum to bang on about banks, typical rant monkey.
They have had this going for a few years now - but a remind doesn't hurt - thanks OP :)
Nice, part of this £120 billion that the bank are allowed to lend out according to Bank of England chief. Have some free straws and cream and don't you dared remember that you are paying for them at the end of the day as the day will never come.
1635

10 Year Fixed Rate Mortgage @ 2.79%, Max LTV 70% £0 Booking Fee @ HSBC

221
£0.00 @ HSBC
No booking fee makes this a decent product. I'm guessing the banks don't think rates are going up any time soon but I don't think anybody can really predict what's going to happen in the next few yea…
No booking fee makes this a decent product. I'm guessing the banks don't think rates are going up any time soon but I don't think anybody can really predict what's going to happen in the next few yea…
WiganLaticsFan Avatar7m, 3w agoFound 7 months, 3 weeks ago221 Comments
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antonywhite37
arjun311
I'm unfortunately locked into a 5 year fix with 3 more years left, this was just before the rates became cheaper.
I personally wouldn't do a long term fixed deal anymore.
Lol I took a 10 year in 2008 at 5.7 so my heart bleeds for you :p

Have either of you looked into the price of breaking out of your current deal and taken into consideration how your provider now rates the value of your property, e.g. what sort of LTV deal could you now get? Worth a check.
Advice please! I always thought less interest rate is better but HSBC advised me other way as there is no fee involved. Will 1.74% fee-free deal be better than 0.99% with £1499 fee on 150K mortgage for 2 fixed years.
marathonic
Investors invest based on yield with expected capital appreciation a close second.
A £1,000,000 London property with an annual rent of £80,000 would have cost a US investor $1,500,000 just before brexit with the pound touching $1.50. It would have been bringing in an 8% yield then but, with currency movement, that yield for the person that invested last month would now have dropped to 6.9%.
For todays investor, that £1,000,000 London property, still with an annual rent of £80,000, would cost a US investor $1,295,000 at todays rate and have a yield of 8% based on the current rent of $103,600.
In other words, the yield for todays foreign buyer is the exact same as last months foreign buyer, but with a lower expectation for capital appreciation.
A £1mln property currently yields maybe £30-35k rental income, nowhere near the £80k you suggest.
TBH, the interest of foreign buyers depends more on the long-term economic outlook for the UK and whether they think they are welcome in the UK if they want to live in the property. There's been stories of foreign buyers putting deals on hold because they think they may not be welcome...
ran123ran
imk83
damn.. i fixed at 2.79% in January 2016 and fixed in for 5 years... at the time it was a decent enough deal.
was that with HSBC? If so is it worth speaking to them to see if you can switch to this deal penalty free? Not sure if it would work but worth a try if you wanted this deal?


Nope with barclays. I'll speak to them and see if they switch me to a better deal which I doubt they'll do
is there a lot of market for rentals at 80000 per year?
-49

2 year Special Fixed Mortgage 65% LTV @ HSBC 0.99%

16
£0.00 @ HSBC
Awesome 2 year fixed rate mortgage from HSBC
Awesome 2 year fixed rate mortgage from HSBC
y2afuk77 Avatar8m, 1w agoFound 8 months, 1 week ago16 Comments
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walsall123
I get the feeling that HSBC are highly selective who they lend too, even if you meet the criteria they will insist on giving you gobberish nonsense.


Agree. HSBC are cherry pickers. An elitist bank. Won't entertain their foolish headline rates oO
worth a read if you are considering it

Your text here
naomipunkclan
madmaxpayne
What's the true % after factoring in the £1500 fee over 2 years??

If you borrow £100K it will be 1.74%
If you borrow £200K it will be 1.365%
If you borrow £300K it will be 1.24%
etc...


Not bad! Might apply then and also borrow some more for loft conversion !!
I've been given a couple of warnings about HSBC, they apparently use a different process for agreement in principle vs underwriting, so you can get the AIP but still be rejected after finding your dream home.
satty83
often these deals are much better for those with larger mortgages where the saving on the rate make it worth while. I recently went to a no fee Yorkshire building society rate of 1.59% with a similar 65%ltv which worked out much cheaper over the 2yrs than this. I think it's somewhere around 400-500k outstanding mortgage where it becomes cost effective to pay these fees upfront to benefit from the lower rate otherwise just go with a fee free rate if you can get one that's low enough.
YBS were really good for me from application to having the mortgage transfered include a name change on deeds due to changing my family name all got done within 3wks. Plus got to follow it online through there legal team.


​also went with Yorkshire recently and found them great, didn't have to pay any fees and they sorted all the paperwork etc. makes me wonder what the benefits of going to a mortgage advisor are??
-95

Free £200 bank switch (£150 upfront; £50 if you stay) @ HSBC *NEW CUSTOMERS*

25
£0.00 @ HSBC
Free £200 bank switch (£150 upfront; £50 if you stay). New switchers to HSBC's Advance* get £150 within 70 days. Plus, register for online / mobile banking once it's open and if you're still with it a…
Free £200 bank switch (£150 upfront; £50 if you stay). New switchers to HSBC's Advance* get £150 within 70 days. Plus, register for online / mobile banking once it's open and if you're still with it a…
raza786 Avatar8m, 2w agoFound 8 months, 2 weeks ago25 Comments
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why's this so cold? oO because of bad customer service?
Edit: deal ends sunday, i might switch

Edited By: loadsavmoney on Jul 09, 2016 05:59
collinc1980
gwapenut
Has this offer been withdrawn? I can't find it any more
​Not withdrawn, it's just came out.. Should have gone to spec savers lol

No really, it doesn't show up on some browsers. Load the same url using incognito and normal chrome, and only the incognito chrome shows the offer. Haven't worked out why / what cookies or script blockers are stopping it so far.

Edited By: gwapenut on Jun 09, 2016 11:44
Advanced account and 6% regular saver can't fault my experience with them. Always quick to get through to them and greeted with them anyway having my details to hand when I verify after reading them. responsive Uk customer services robust app and quick dealing even when I was in another country. advance also benefits from a higher withdrawal limit, no transaction fee and preferential rates. if you can it's worth it.
Also requires £1750 a month going into your account.
If you are eligible for a premier account, 6% regular saver and call centres in UK
-82

switch and receive £150 plus £50 @ HSBC

21
£0.00 @ HSBC
switch your account into an advanced or premier account to HSBC and receive 150 + 50 if you stay with them with the same account for a year. Adv acc 1750 pound's per month or 10500 in the next 6 mon…
switch your account into an advanced or premier account to HSBC and receive 150 + 50 if you stay with them with the same account for a year. Adv acc 1750 pound's per month or 10500 in the next 6 mon…
xolera Avatar8m, 4w agoFound 8 months, 4 weeks ago21 Comments
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think this i no longer available..
Has anybody done this switch yet? Be interested to know how fussy they are with what constitutes an active DD/account etc?

I know COOP got fairly fussy with theirs and some didn't get the bonus.

Hot btw - thanks OP!

Edited By: honeststeveo on Jun 07, 2016 11:32
Been with HSBC for ages, best bank I have dealt with in the UK by a mile. Never had one issue with them. Maybe I am lucky.

I will echo what you have said! now it's two of us
Let me guess - new customers only who haven't had a switching bonus before?
Been with HSBC for ages, best bank I have dealt with in the UK by a mile. Never had one issue with them. Maybe I am lucky.
-81

HSBC First Time Buyer Mortgage (90% LTV) 1.99% 2 Year Fix £1,499.00 Fee

11
£1499.00 @ HSBC
First Time Buyer mortgage from HSBC with a fixed rate of 1.99% until 31/07/2018. This then moves to a Variable Rate, which is currently 3.94%. Maximum LTV is 90%, and the maximum amount they will l…
First Time Buyer mortgage from HSBC with a fixed rate of 1.99% until 31/07/2018. This then moves to a Variable Rate, which is currently 3.94%. Maximum LTV is 90%, and the maximum amount they will l…
hooligan001 Avatar10m, 2d agoFound 10 months, 2 days ago11 Comments
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I did the maths and for me over 2 years this was the cheapest mortgage available. There are obviously other things to take into consideration but if you're comfortable with a 2 year fix, I couldn't find anything better.
I don't get why this is cold?? Unless I'm missing myself.. Looking to get a mortgage and I am lost indeed on what to do, how to do it and which rate is better
I'd go for it OP, this looks like the best for 90% (please check yourself, too). I have an HSBC mortgage and they are great. Just be sure you are a "vanilla" applicant-not self employed, no 2nd house etc, and you'll be ok
cannycoyote
Franken
No idea if thats a great deal now but 2.5 years back when I bought my first home the best 90%er on the market was hsbc 4.15%. If this deal was around then, even taking into account the fee, Id have saved 3300 in interest (so 4800 overall) over the 2 years. Seems hot to me if u can stump up the fee although I haven't looked to see what else is around currently.
dont they just add the fee to the mortgage balance?

Mine was fee free but I think you can do both, either pay it up front or add to mortgage aye.
Franken
No idea if thats a great deal now but 2.5 years back when I bought my first home the best 90%er on the market was hsbc 4.15%. If this deal was around then, even taking into account the fee, Id have saved 3300 in interest (so 4800 overall) over the 2 years. Seems hot to me if u can stump up the fee although I haven't looked to see what else is around currently.

dont they just add the fee to the mortgage balance?
852Expired

Lifetime Tracker Mortgage 1.79% (1.29% + BoE 0.5%) @ HSBC

191
£0.00 @ HSBC
Currently best lifetime tracker mortgage available in the market imo. If your LTV is 60% and you are interested to pay off mortgage as soon as possible. This is the best deal you can get. The interest…
Currently best lifetime tracker mortgage available in the market imo. If your LTV is 60% and you are interested to pay off mortgage as soon as possible. This is the best deal you can get. The interest…
mkshaikh Avatar10m, 3w agoFound 10 months, 3 weeks ago191 Comments
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it is expired now - current rate is 1.99%
https://www.hsbc.co.uk/1/2/mortgages/mortgage-rates
I was speaking to my case officer yesterday and it was told the deal was fully subscribed and withdrawn on 21st May. See Coventry BS though as they have something similar.. 1.75% i think..

I have had a look I see no life time trackers?
Peatb0g
I was speaking to my case officer yesterday and it was told the deal was fully subscribed and withdrawn on 21st May. See Coventry BS though as they have something similar.. 1.75% i think..


​Thank you for the advice. Shame i missed it, but will know better next time. ;-)
I will be starting the deal from 1st june!
I was speaking to my case officer yesterday and it was told the deal was fully subscribed and withdrawn on 21st May. See Coventry BS though as they have something similar.. 1.75% i think..
-218

5 Year Fixed Rate Mortgage @ 1.99% Max LTV 65%, £1,499.00 booking fee @ HSBC

5
£1499.00 @ HSBC
Great rate if you have to borrow larger amounts, otherwise the booking fee of £1499 will make this offer less attractive.
Great rate if you have to borrow larger amounts, otherwise the booking fee of £1499 will make this offer less attractive.
Daywalker04 Avatar1y, 1w agoFound 1 year, 1 week ago5 Comments
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Hi, where is the 2.09% with £749 booking fee available? I can't find a cheaper 5yr fix than this.
gareds
Plus you need to be a millionaire to get accepted, hsbc only pass 20% of all new applications ;)
or in good financial health. with a clean credit score..
Plus you need to be a millionaire to get accepted, hsbc only pass 20% of all new applications ;)
shanks269
2.09% over 5 years works out cheaper. The booking fee is £749.00

Still depends on loan amount, but correct for the large majority.

Edited By: delusion on Feb 15, 2016 14:48
2.09% over 5 years works out cheaper. The booking fee is £749.00
357

lowest ever rate for personal loans 3.3% at HSBC

43
£0.00 @ HSBC
Apply for a personal loan from the 11th of January between 7k to 15k and the interest rate starts from 3.3%APR. Existing interest rate is 3.7%APR. Good occasion to clear the outstanding balances from
Apply for a personal loan from the 11th of January between 7k to 15k and the interest rate starts from 3.3%APR. Existing interest rate is 3.7%APR. Good occasion to clear the outstanding balances from
xolera Avatar1y, 1m agoFound 1 year, 1 month ago43 Comments
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applied £15 k, and instantly got the money in my account with 3.3% interest!! Thanks
weltysparrow
adi0604
One of the most notorious bank and would go to any lengths (eg: mexican drug lords) to make money..Avoid
This offer yet to be confirmed and as always advertised rate and won't surprise if they not offer to 51% and still go on advertising.
Indeed, funny how much vitriol there is in this country around terrorism and yet people will bank with a bank who will take money from known Mexican cartel members who have killed many times the number that died in Paris or London.
Hypocrisy as usual.

I don't trust ANY bank so I may as well go with the one offering the best deal.

Let's take a hypothetical choice between:

A more expensive loan with one of the 'so-called' socially responsible bank that costs an additional £200 in interest over the term; or

A cheap loan with HSBC and a £200 donation to charity

In the above scenario, I have no doubt in my mind that the second option is the one that's more socially responsible.
adi0604
One of the most notorious bank and would go to any lengths (eg: mexican drug lords) to make money..Avoid
This offer yet to be confirmed and as always advertised rate and won't surprise if they not offer to 51% and still go on advertising.

Indeed, funny how much vitriol there is in this country around terrorism and yet people will bank with a bank who will take money from known Mexican cartel members who have killed many times the number that died in Paris or London.

Hypocrisy as usual.
nasir_glasgow
someguy003
adi0604
One of the most notorious bank and would go to any lengths (eg: mexican drug lords) to make money..Avoid
This offer yet to be confirmed and as always advertised rate and won't surprise if they not offer to 51% and still go on advertising.
I think you could say that of all banks......the COOP included. But I agree with you. Time for a range of truly "ethical" banks I think.
is there such a bank?
No- that's why I suggested it. Islamic Bank of Britain are very oppressive to muslims who want a mortgage and their profit rates are some of the poorest. They are in this game for themselves. "Fair banking" just does not exist.
nasir_glasgow
someguy003
adi0604
One of the most notorious bank and would go to any lengths (eg: mexican drug lords) to make money..Avoid
This offer yet to be confirmed and as always advertised rate and won't surprise if they not offer to 51% and still go on advertising.
I think you could say that of all banks......the COOP included. But I agree with you. Time for a range of truly "ethical" banks I think.
is there such a bank?

Bank of mum and dad? :)
634

Open a HSBC account or switch your account to HSBC and you will receive £120.00 cash back.

107
£120.00 @ HSBC
Open a HSBC account or switch your account to HSBC and you will receive 120 pounds cash back.Excludes basic bank accounts and student accounts.Offer from 29/12 to 28/02/16.Also apply for a credit card…
Open a HSBC account or switch your account to HSBC and you will receive 120 pounds cash back.Excludes basic bank accounts and student accounts.Offer from 29/12 to 28/02/16.Also apply for a credit card…
xolera Avatar1y, 1m agoFound 1 year, 1 month ago107 Comments
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ryan2801
I thought it was 70 days until the £120 credit? I'm still waiting anyway.
its been 50 days I am waiting as well ...we may have to call them to find out whats happening.
Terrible switching service-didn't do it within the seven day guaranteed period I had to chase them up with phone calls
I thought it was 70 days until the £120 credit? I'm still waiting anyway.
Mark5211
Mark5211
What a long-winded way of applying for an account,
Applied for an account online and received a letter a week later addressed to me but named wrongly stating that I was not successful in applying for an account,
Phoned up and was advised to apply again,
Applied again and then received a letter telling me that they couldn't confirm my address and to go to a branch with my driving licence or passport,
Went to branch who couldn't find any details of me applying for an account, it was late so they advised me to apply online again,
Applied for the third time and received a letter a week later stating that I had been successful with a form included asking me for my signature,
Signed the form and sent it back and received another form today asking for some security details for telephone banking,
I am now awaiting whatever they require next.
Contacted me about switch and had another form sent to me which I had to read before going ahead,
Form didn't arrive so another was sent and three arrived about a week later,
Read form and waited for phone call which came the day after, asked about why I hadn't received a debit card during conversation and it transpired that I didn't order one during application process?, but they ordered one and it was sent in about ten days.
Switch was due on Tuesday last week but it failed, I think they forgot as I didn't get a letter from my other bank confirming the switch.
Was phoned and told that switch will now take place next Monday as first switch failed, no reason why was given.
Received letter from other bank confirming switch will take place on Monday.
Hopefully it will be worth it as it will be over ten weeks since applying if the switch finally goes through on Monday.
Well switch went through okay, and £120 was added to my account within an hour. I'm pleasantly surprised!
Mark5211
What a long-winded way of applying for an account,
Applied for an account online and received a letter a week later addressed to me but named wrongly stating that I was not successful in applying for an account,
Phoned up and was advised to apply again,
Applied again and then received a letter telling me that they couldn't confirm my address and to go to a branch with my driving licence or passport,
Went to branch who couldn't find any details of me applying for an account, it was late so they advised me to apply online again,
Applied for the third time and received a letter a week later stating that I had been successful with a form included asking me for my signature,
Signed the form and sent it back and received another form today asking for some security details for telephone banking,
I am now awaiting whatever they require next.

Contacted me about switch and had another form sent to me which I had to read before going ahead,

Form didn't arrive so another was sent and three arrived about a week later,

Read form and waited for phone call which came the day after, asked about why I hadn't received a debit card during conversation and it transpired that I didn't order one during application process?, but they ordered one and it was sent in about ten days.

Switch was due on Tuesday last week but it failed, I think they forgot as I didn't get a letter from my other bank confirming the switch.

Was phoned and told that switch will now take place next Monday as first switch failed, no reason why was given.

Received letter from other bank confirming switch will take place on Monday.

Hopefully it will be worth it as it will be over ten weeks since applying if the switch finally goes through on Monday.
-217

5 Year Fixed Rate Mortgage @ 1.99%, Max LTV 60% £1,999.00 Booking Fee @ HSBC

28
£1999.00 @ HSBC
5 Year Fixed @ 1.99% Max LTV 60% £1999 Booking Fee I understand the booking fee is very high, so this makes only sense when you borrow larger amounts. Suppose you borrow 200k, then the booking…
5 Year Fixed @ 1.99% Max LTV 60% £1999 Booking Fee I understand the booking fee is very high, so this makes only sense when you borrow larger amounts. Suppose you borrow 200k, then the booking…
Daywalker04 Avatar1y, 1m agoFound 1 year, 1 month ago28 Comments
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gemignani
I'm still saving for my deposit, but I'm also renting at the same time, but I'm not sure if I would like to live in the UK forever so I could help me with two questions:
1. Does getting a 5 year deal means a higher monthly repayment than say 10 year? What happens after 5 years for this one? Do I have to find another mortgage to pay HSBC?
2. What if I want to sell my property?
Cheers,

1. No, generally the 10 year deals have a slightly higher interest rate. Call it a 'premium' for peace of mind. After the 5 years have lapsed on this one you would go onto their standard variable rate if you didn't remortgage or pay the remainder off.

2. Most mortgages are portable, so as long as you buy another property you should be okay. Either way this should be explained in the key facts for the mortgage.
I'm still saving for my deposit, but I'm also renting at the same time, but I'm not sure if I would like to live in the UK forever so I could help me with two questions:
1. Does getting a 5 year deal means a higher monthly repayment than say 10 year? What happens after 5 years for this one? Do I have to find another mortgage to pay HSBC?
2. What if I want to sell my property?
Cheers,
An interesting article that predicts interest rates are not going to rise until 2019, with possibly a cut this year: http://www.telegraph.co.uk/finance/personalfinance/interest-rates/11032396/Interest-rates-predictions-When-will-the-Bank-Rate-rise.html

May be better with a short-term tracker and then fix in a couple years time. Barclays have a 2 yr offset tracker at 1.49% above base rate (1.99%) with a £999 fee and 75% LTV. Depending if you want to roll the dice ;)



Edited By: mikeyp on Feb 15, 2016 11:06
I just called HSBC who advised 1.99% rate is only available for existing HSBC mortgage customers. Best rate (for their current account holder) is 2.09%.

Also you'll be lucky getting on their website. I haven't been able to use it for 2 days
http://www.bbc.co.uk/news/business-35231632
Are fixed rate mortgages the best to go for right now, or totally dependant on your personal circumstances?
522

HSBC First Time Buyer Mortgage 90% LTV, 2 year fixed, 2.39% £499 fee

25
£0.00 @ HSBC
Finally a decent mortgage for a first time buyer with 90% LTV. Obviously loads of T+C's but looks good to me and i am taking it. At least £1k cheaper on fees vs the next best and a marginally bett…
Finally a decent mortgage for a first time buyer with 90% LTV. Obviously loads of T+C's but looks good to me and i am taking it. At least £1k cheaper on fees vs the next best and a marginally bett…
Nad_84 Avatar1y, 4m agoFound 1 year, 4 months ago25 Comments
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its a fair rate the number critical illness definitions covered on their policy is lower than available elsewhere being tied they can only offer their own product- best to shop around, if anyone wants a comparison drop me a pm
Coventry have a fee free 5 year fix at 3.65% at 90% loan to value
I am always concerned when I see mortgage products on here as I dont want anyone to be swayed into making a decision based on it getting a hot vote on this site. always do thorough research, preferably well in advance of making a decision to buy a house and compare many products and find the ones that fit your specific needs. a low rate is not all that matters and no one knows what the rate will be in 2 years when it ends.

as a first time buyer, the chances are you will be taking on very very large amounts of debt, so factor in future changes before making any decision. factor the costs in at the 5% mark, even though we all know that should be a long way off, if ever. but its your home and your money, so look at the medium and long term. a longer fix but with a higher rate might be a better idea. it might not, but it might.

I only say this as someone who bought their first home 4 years ago and the amount of information is bewildering and the actual non biased information was a bit thin on the ground, especially if you don't have a financial advisor.
Great deal if you can get it! My partner and I recently bought a house and we had to go through a broker. Most lenders wouldn't approve our salaries as I had under a year of work history (At the time I'd only graduated and started work 9 months ago) and my partner had changed jobs in the last year and was still in the probation period. We went for a 5yr fixed mortgage as we can comfortably afford it and also afford overpayments. This is a good deal, but bear in mind the economy will probably be very different in a couple of years!
My partner and myself earn over 40k each and we have 100k in equity in property and HSBC would only offer us 92k. We are early 30s and have never been unemployed. A joke of a company.
Property must not be more than £400k
724

5 Year Fixed Rate Mortgage @ 2.19%, Max LTV 60% £499 Booking Fee @ HSBC

101
£0.00 @ HSBC
5 Year Fixed Premier and Advance Standard @ 2.19%, Max LTV 60% £499 Booking Fee for Premier and Advance Customer Onlys (otherwise £999 Booking fee) This deal got hot two months ago when it was e…
5 Year Fixed Premier and Advance Standard @ 2.19%, Max LTV 60% £499 Booking Fee for Premier and Advance Customer Onlys (otherwise £999 Booking fee) This deal got hot two months ago when it was e…
Daywalker04 Avatar1y, 4m agoFound 1 year, 4 months ago101 Comments
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As far as I can see the deal is 2.18% for an increased £999 booking fee which of course is now steep. A couple of considerations though here. Its actually for 63 months and is three months on from my initial post and after the US Fed has raised their rates. I have remained on the 1.99% tracker as I believe that rates will probably not rise for around six months here although I am not an expert and do not give anybody else advice. My considerations are that at the moment I can make a judgement now on rates, market advice etc when making my decision. In 63 months when this fixed rate has expired then the market may well be a whole lot different. Therefore for me it is about keeping my moment of choice open for as look as I can now.
and now up to 2.28% and booking fee increased
That was quick, reduced to 2.19% again.
Looks like the rate is back to 2.29% now
plane_boy2000
Do you really believe that where taxation is involved you can just change the price to suit?

That depends on whether the tax is on value, such as inheritance tax, or on the price, such as Stamp Duty.

Stamp duty is about the price you are paying for a property when you buy it. So, yes, you can choose to pay less if you like.

If you don't think that makes sense, compare it to VAT. You think when Tesco starts a price war with Sainsbury's and ends up selling a bar of chocolate that cost 29p to make for 12p, they're stiffing the tax man? No, because VAT is a tax on the sale price of something.

For years and years until Stamp Duty was revised people refused to go over these arbitrary tax limits when offering on houses, because of the tax bill they would acrue. Were all of those offers fraudulent? We sellers fraudulent in accepting them? If a seller had two offers, and one was lower than the other, were they legally compelled to accept the higher offer? Ridiculous.

Now you're absolutely correct about inheritance tax avoidance. However the specific question that was being asked was well, well below any IHT threshold.

The only unanswered question would be over whether there was a CGT bill to pick up, and that would depend on some other things.

But Stamp Duty is not a tax on value.

The only time value enters Stamp Duty negotiations is if you are 'paying' in some additional way, and only part of the settlement is cash.

A Brief History of HSBC

HSBCHSBC was established in its current form in 1991, in London. The bank's origins lie mostly in Hong Kong and also, to a lesser extent, Shanghai, where the first branches were opened in 1865. Fast forward more than a century, with its purchase of the Midland Bank in 1992, HSBC gained a substantial market presence in the United Kingdom. The following year, as part of the conditions of takeover, and due to the looming uncertainty regarding the upcoming transfer of sovereignty of Hong Kong from the UK to China in 1997, HSBC moved its headquarters to the City of London. Over the next fifteen years, HSBC began to expand into new territories, especially in continental Europe.

Despite the bank's central role in the subprime scandal, HSBC weathered the financial crisis of 2008-2010 better than many other global banks. Indeed, the bank made profits large enough to enable it to buy several other smaller banks, who were struggling for their survival at that time.

In 2012, HSBC had a market capitalisation of £102.7 billion, which made it the London Stock Exchange's second largest company (after Royal Dutch Shell) and with over 1,100 branches across the country, they are one of the UK's most recognised High Street banks.

HSBC Branch Locator

You can find your nearest HSBC branch, the address, distance, opening hours, and information about facilities such as disabled access, by using their online Branch Locator.

For online banking, you simply go to their website at www.hsbc.co.uk.

Products and Services at HSBC

Like all major banks, HSBC offers a very wide range of different products and services. When you arrive at hsbc.co.uk, there is a tab to switch between Personal and Business banking. This article will only cover the Personal banking options.

Personal Banking is divided into five main categories on the HSBC homepage:

  • Everyday banking: Current and Savings Accounts, ISAs, Credit Cards, Student Accounts and International Services
  • Borrowing: Loans, Mortgages, Credit Cards and Overdrafts
  • Investing: Funds, Shares and Investment Advice
  • Insurance: Car, Travel, Home and Student
  • Life Events: Bereavement support, Marriage, Retirement, Moving Overseas and Property Sales advice

Deals and Offers with HSBC

Being a bank, HSBC doesn't offer deals per se, but it does offer certain incentives to potentialy new and existing customers. These include things like rewards for referring a friend and cash for switching your present account to HSBC.

From time to time, online vouchers pop up in association with HSBC. For example, discounted flights or selected airlines for HSBC customers. When these online promotions show up, you'll see them on HotUKDeals´ HSBC page.

Sending money abroad

Opening an Account at HSBC

Whether or not you are able to apply for an HSBC bank account online completely depends upon the type of account you wish to open. For joint current accounts, you and the other account holder must visit a branch in person. There several, especially the more basic current accounts, that can be applied for online or by telephone.

HSBC currently offers the following bank accounts:

  • Bank Account
  • HSBC Advance Bank Account
  • HSBC Premier
  • Student Bank Account
  • Graduate Bank Account
  • Basic Bank Account

HSBC Premier

Opening an Online Account at HSBC

Online banking has changed the way we all access our money and simplified everyday finances for many of us. If you're already an HSBC customer, and you haven't done so already, you can register for online banking easily and securely by following these steps:

  1. Click "Register" on the HSBC homepage.
  2. Read the Introduction to Online Banking.
  3. Accept the terms and conditions.
  4. Verify your identity using your account number, sort code, date of birth and two numbers from your telephone banking security number.
  5. Create your login details.
  6. Set up your security questions in case you forget your details in the future.
  7. Check the additional security options.
  8. Choose between a Secure Key or a Digital Secure key.
  9. If you chose a Digital Secure Key, use that along with the HSBC Mobile Banking App to activate your online banking.

HSBC.co.uk Online Banking Security and Access

Security is a big factor in online banking, the same applies for HSBC. The physical and Digital Secure Keys are part of HSBC's "two factor authentication process". It works by adding another level of security to online banking customers. The Digital Secure Key is convenient, protected and easy to use, it’s used to log on to your online and mobile banking. There's also a Touch ID, which is available with iPhone 5s and above, where you can log on using your fingerprint. Digital Secure Keys can be used on iPhone, Android and Amazon Fire devices.

Your ambition is possible

The physical Secure key, as the name suggests, is a physical alternative to the Digital secure key. It's a device, roughly about the same size as a credit card, meaning it should fit fairly easily in your purse or wallet. It's easy to use and requires you to switch it on, enter your PIN number and it will create a one-off six digit passcode that you can use in order to log in.

HSBC Safeguard

HSBC Social Media, News Site and Online Blog

Like many banks, businesses and financial institutions, HSBC has a strong social media presence. Existing HSBC customers, as well as potential new ones, can follow them via their different social media channels to hear about the latest news, insights, products and services from HSBC, as well as hearing about new incentives that the bank is offering. Social media is also a good place to read opinions, reviews and comments left by existing customers. This is especially useful if you're thinking of opening an account with them.

On HSBC's News and Media page you can browse through the bank's various press releases by date.

The HSBC Knowledge Centre is an online blog with contributions from a host of financial experts, about a range of business related issues. It's especially useful if you're running a small business.

HSBC Mobile Banking App

HSBC mobile bankingCustomers with smartphones can download the HSBC Mobile Banking App. It allows you to manage your accounts quickly, easily and securely from your mobile phone. With the app, you can:

  1. Log in to your account using your fingerprint with Touch ID. Available on iPhone 5s or above.
  2. Check your balance live on up to three accounts with Fast Balance.
  3. Transfer funds between accounts and make payments to existing payees.
  4. Make and receive payments using the Paym app on your mobile phone.
  5. Apply for a personal loan or a Loyalty Cash ISA.

The HSBC Mobile Banking App is available for Android, iOS, Blackberry and Amazon Fire digital devices. Simply download it, open it up and follow the instructions on the screen to set up your security information.

HSBC UK Contact Details

If you have any questions or queries about any of HSBC's products or services, to save yourself time, it's best to first take a look at their FAQs. On this page, you'll also see a link where you can chat online with a member of the HSBC Service Team who'll help to answer your questions.

  • By phone: Existing customers: 03457 404404, from outside the UK: +44 1226 261010; the lines are open from 8am to 10pm every day. Non-HSBC customers: 03456 040626; the lines are open from 8am to 10pm every day except Christmas Day, Boxing Day and New Year's Day.
  • By e-mail: customer.care.team@hsbc.com
  • HSBC also encourages you to Tweet them at @HSBC_UK_help.
  • If you prefer to communicate by post, this is the address:
  • Customer Care Team
  • HSBC Bank Plc
  • PO Box 6125
  • Coventry, CV3 9GW
  • United Kingdom

If you're looking to hear more about great offers and incentives from HSBC then be sure to regularly check out their dedicated page at HotUKDeals.