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5th February 2018, HSBC for Intermediaries

Changes to our mortgage policy

With effect from Monday 5th February 2018, personal borrowing will no longer be considered an acceptable form of deposit for the purchase of a property.

Please see below for examples of whether a source of deposit will be acceptable:

Source of deposit Repayable at any point in the future? Acceptable as part / all of deposit?
Personal Loan (Bank or other financial institution) YES NO
Loan (Non-Bank, Directors loan etc.) YES NO
Credit Card / Overdraft YES NO
Gift (parents, family etc.) NO YES
Savings NO YES

This website is for the use of FCA authorised mortgage intermediaries only.

If you reproduce any information contained in this website, to be used with or advise clients, you must ensure it follows the FCA's advising and selling standards.

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