HSBC updates its residential income policy

Changes to our income policy

At HSBC, we remain committed to lending responsibly and ensuring the availability of credit where underlying affordability can be demonstrated.

To support and protect customers, we have continued to monitor the market closely to ensure our income policy remains fit for purpose.

From Monday 8th June, the following changes will take effect:

For applications where the LTV is less than 85%

  • Income less than £30k – 4.49 x income
  • Income more than £30k – 4.75 x income
  • Income more than £100k – 5 x income

 

For applications where the LTV is 85% or above

  • Income less than £100k – 4.49 x income
  • Income more than £100k – 4.75 x income

 

Further information

Please note, the Affordability calculator is currently undergoing maintenance and we hope to have this up and running as soon as possible. In the meantime, please continue to submit your cases through our Broker Platform.

 

Talk to us today

Contact your local BDM, call our Broker Support Team on 0345 600 5847

(Monday to Friday, 9am to 5pm) or talk to us using Live Chat.

Thank you for your continued support.

HSBC UK

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