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HSBC accepting wide range of foreign currencies for mortgages and lending to UK and foreign nationals living overseas

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UK and foreign nationals who are not UK residents can still get a mortgage with HSBC subject to some strict acceptance criteria.  

Applicants must evidence a minimum income of £75,000 per annum (excluding bonus, commission, overtime and rental income). For joint applications, at least one applicant must meet thcriteria. 

If a customer is applying for a residential interest-only mortgage; they are required to evidence a minimum income of £100,000 and meet HSBC’s interest-only general acceptance criteria.  

Applicants will need to have a 25% deposit for mortgage borrowing and deposits must be funded from the customer's own resources. Gifts and builder's cash backs are not acceptable unless they are in addition to the 25% deposit provided from the applicant's own resources. Borrowers must also hold a UK bank account to service the mortgage. 

HSBC UK highlights that it is authorised and regulated by UK regulators, and governed by UK law. It adheres to relevant cross-border regulations and local laws applicable in other countries. 

HSBC accepts applications from clients across the world, and here are some of the criteria from some of the counties. 


Acceptance criteria guidance


Residents of Australia can apply for a UK mortgage, but HSBC says customers must not be physically located in Australia brokers cannot proceed with a residential application. Borrowers can make a residential application if they are in the UK. Documents cannot be sent to or signed in, an HSBC branch in Australia. The bank accepts income paid in the Australian Dollar, and a 10% income reduction will apply to cover currency fluctuations. 


Residents of France can apply for a UK mortgage provided the customer is present in the UK at the time of application. HSBC accepts income paid in Euros but uses at 10% income reduction to cover currency fluctuations. 


Residents of Malaysia can apply for a UK mortgage, but the bank says you cannot proceed with a residential application while they are in Malaysia. HSBC will accept the Malaysian Ringgit but applies a 10% reduction to income to cover currency fluctuations.  


Residents of Oman can apply for a UK mortgage. The borrower is an existing Group HSBC customer, not physically located in Oman when making an application. Residents of Oman must have a correspondence address outside of Oman, in an approved country any mortgage documentation should be sent to. A 10% reduction will be applied to the Rial Omani's income to cover currency fluctuations. 


The customer must be an existing Group HSBC customer. A 10% currency reduction will be applied to income earned in the Qatari Rial. 

Saudi Arabia 

Residents of Saudi Arabia can apply for a UK mortgage provided the following guidance is adhered to: 

Customers must not be physically located in Saudi Arabia if providing information, advice or making an application. Advice and applications can only be processed in the UK. 

Residents of Saudi Arabia must have a correspondence address outside of Saudi Arabia, in an approved country, where any mortgage documentation should be sent to. 

A 10% income reduction will be applied to cover currency fluctuations. 


Residents of the UAE without UAE nationality can apply for a UK HSBC mortgage provided they have an annual income must be at least one million AED or the equivalent in an approved currency. 

Their net equity or assets must be valued at a minimum of five million AED (or equivalent in an approved currency). 

They must also understand how the UK property market works and how HSBC UK's mortgages work. 

This includes Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain.

A 10% income reduction will be applied to cover currency fluctuations. 

Call Trinity Financial on 020 7016 0790 to secure a foreign income mortgage or book a consultation

HSBC accepts a large number of currencies for mortgage purposes including the Euro, Lek, US Dollar and Australian Dollar.

Providing borrowers are in one of HSBC's approved counties and meet the bank's acceptance criteria they may qualify for a mortgage.

As seen in
sunday times telegraph financial times bbc news the express the times
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