Is it worth opening an HSBC Premier Account to access its cheaper mortgage rates?
Quick Summary
It is generally worth opening an HSBC Premier Account if you are a higher earner and want to apply for an HSBC mortgage. HSBC aims to issue more mortgages to higher earners by incentivising them to transfer their banking with cheaper mortgage rates and potentially lower arrangement fees. Trinity Financial's brokers can get an HSBC Premier Manager to call our clients to finalise the opening of an HSBC bank account at the same time as a mortgage application is submitted. HSBC has recently announced a deal that allows Premier customers to borrow up to 6.5 times their annual salary!
Page updated 20/01/2026
If you are a higher earner and want to apply for an HSBC mortgage, it is generally worth opening an HSBC Premier Account.
HSBC aims to issue more mortgages to higher earners by incentivising them to transfer their banking with cheaper mortgage rates and potentially lower arrangement fees. The lower rates are available to borrowers with different deposit sizes and there is a choice of fixed and tracker rates.
Trinity Financial can arrange for an HSBC Premier Manager to call and open an HSBC Premier account at the same time our brokers submit mortgage applications.
Why would you apply to HSBC for a mortgage?
HSBC consistently offers many of the market's most competitively priced mortgage rates. Importantly, it also provides its existing mortgage customers with very well-priced rates when it is time to renew the fixed or tracker rate.
HSBC is a good mortgage lender. It offers various fixed and Bank of England base rate tracker mortgages and higher or lower arrangement fees. The lender has a minimum loan size of £10,000 and a stated maximum loan size of £5 million.
Trinity Financial's brokers can access the bank's London-based business development managers, who help us secure mortgages more efficiently.
Do you need to open an HSBC Premier account before applying for a specialist HSBC Premier mortgage rate?
If you qualify for a Premier account, Trinity Financial's brokers can apply an HSBC Premier rate, provided the applicant opens the account before the mortgage enters the underwriting stage.
If you apply for a mortgage and do not qualify for a premier account, you will not be able to complete it at the lower rate and will have to take a slightly more expensive product.
How much do you need to earn to qualify for HSBC Premier?
You must have an annual income of at least £100,000, and pay it into your HSBC Premier Bank Account. You will also need savings or investments of at least £100,000 with HSBC in the UK, but exclusions apply. You can also qualify as an HSBC Premier customer in another country.
HSBC has just started offering 6.5 times salary mortgage to HSBC Premier customers!
HSBC has recently announced a deal that allows Premier customers to borrow up to 6.5 times their annual salary, subject to meeting the Premier criteria. HSBC had gone from being one of the more conservative lenders to being ‘more generous than virtually any other bank or building society’.
What are HSBC's lowest mortgage rates?
HSBC offers its premier customers a sub-3.90% two-year fixed rate and a sub-4% five-year fixed rate. Non-premier customers will pay slightly more.
The lender offers Bank of England base rate tracker mortgages without early repayment charges priced from 0.19% over the current 4.5% base rate.
HSBC announces more mortgage price reductions from November 2025
HSBC for Intermediaries has introduced a selection of premier mortgage deals across several of its ranges and lower cashback for first-time buyers, homemovers and remortgage residential energy-efficient homes.
The bank has introduced premier-only two- and five-year fixed fee-paying and fee-saver buy-to-let (BTL) products at 60%, 65%, 75% and 80% loan-to-value in its purchase, remortgage and existing customer ranges.
HSBC has lowered the cashback for first-time buyers, home movers, and remortgage residential energy-efficient home ranges. The new cashback rate was not specified, but depending on fee structure and loan-to-value tier, cashback can range from £250 to £1,600.
Call Trinity Financial on 020 7016 0790 to secure a higher earner mortgage or book a consultation
The information contained within was correct at the time of publication but is subject to change
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