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

Top of main content

Mortgage fees

Find out about the different types of fees your customer may have to pay when they take out a mortgage with HSBC.

Fee saver

Our fee saver deal means:

  • no booking fee
  • no standard valuation fee
  • no completion fee

We will cover the cost of one standard valuation where this is required by HSBC as part of the mortgage application. Other fees and charges may be payable to other parties including, but not limited to legal fees and charges levied by an existing lender.

Booking fee

A booking fee is charged on some of our mortgages to secure a particular mortgage rate or deal. The customer can decide to pay the booking fee in full once the loan has been approved, alternatively a partial payment can be made and the remainder of the booking fee added to their loan.

Applicants who choose to add part of the booking fee to their mortgage instead of paying it in full at the outset, would need to pay £99 once their application has been approved (for booking fees of £999 or less), with the remaining balance of the booking fee added to their loan. Where the booking fee is greater than £999, the customer would need to pay £249 once their application has been approved with remaining balance of the booking fee added to their loan. If the customer chooses to add the booking fee to their loan, please make them aware they will pay more interest over the term of the loan than if they pay the booking fee in full at the outset.

When you submit an application on behalf of an applicant, we'll ask you how the booking fee will be paid. If it's payable from an HSBC account, please advise which account number and sort code it can be debited from. If it's payable from a non-HSBC account, your customer will need to call us to make a payment after their application has been approved so we can issue the mortgage offer.

Please note a booking fee will only be refunded if a valuation proves to be unsatisfactory; approval is declined for an application agreed in principle or in the event of death before the mortgage is drawndown.

Legal fees

These are the fees payable to the applicant's solicitor or licensed conveyancer acting on behalf of the applicant and/or HSBC. For details on the conveyancing options available to your customers, see our lending criteria.

Standard valuation fee

If a professional valuation is required, a standard valuation fee is payable and will be collected by the valuation supplier that we instruct.

For more on when a professional valuation is required, see the Valuations section of our lending criteria. To find out how much your customer might pay, see our valuation fees page.

Homebuyer Report fee

If your customer requests a Homebuyer Report, the fee will be collected by the valuation report supplier that we instruct. It is subject to a separate contract between the applicant and the valuation supplier. To find out how much your customer might pay, see our valuation fees page.

Building survey fee

If your customer requests a building survey to be carried out, the fee will be collected by the survey valuation supplier that we instruct. It is subject to a separate contract between the applicant and the valuation supplier. To find out how much your customer might pay, see our valuation fees page.

Completion fee

This fee for electronically transferring the mortgage funds to the borrower's solicitor or licensed conveyancer so they can complete the purchase or redeem the mortgage from the existing lender.

Early Repayment Charge

Applicants may have to pay an Early Repayment Charge if they repay the whole or part of their mortgage early (including, if they move to a different product or lender) during a certain period. Early Repayment Charges do not apply to lifetime tracker mortgages.

Although Early rRepayment Charges apply to our fixed and discount rate mortgages, we provide customers with an annual overpayment allowance equivalent to 10% of the remaining mortgage balance. This means customers can choose to increase their monthly mortgage payments or make lump sum payments up to this allowance each year that Early Repayment Charges apply, without incurring any charges. The overpayment allowance is refreshed annually on the anniversary of the drawdown or the date the new rate commences.

If fixed or discount rate customers exceed their annual overpayment allowance for a given year, an Early Repayment Charge will be charged on the amount they have repaid over the allowance.

Exit fee

HSBC does not currently charge borrowers any exit fee when they fully repay their mortgage.

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.

HSBC use cookies to give you the best possible experience on our websites. View our Cookie Policy.